US Auto Sales: Toyota's US Sales Jumped 22%; Hyundai's US Sales Jumped 28% -- April 3, 2021

Re-posting. 

Re-posting:

US auto sales surge, as more states come out of the lockdown. Data points:

• 1Q21 sales rebound but volumes were capped by global semiconductor chip shortage;
• Covid-19: folks pivoting to personal vehicles; wow! Who wudda thought?
• March auto sales could exceed pre-Covid levels;
• GM: 1Q21 sales rose 4%
• units sold: 642,250
• increased demand for its Escalade sport utility vehicle; and, Encore subcompact crossover SUVs;
• average transaction price: $40,353;
• Fiat Chrysler: 1Q21 sales rose 5%:
• units sold: 469,651
• Fiat is now a unit of Stellantis NV
• Ford: 1Q21 sales up 1% (held back by semiconductor chip shortage)
• units sold: 521,334
• retail sales rose 23%
• I'm not sure of that difference, 1% sales vs 23% retail sales, but I think I understand; if so, that's remarkable; stunning;
• higher demand and tight supply has allowed automakers to raise prices in the United States, with average price of a new vehicle reaching $37,314 in the first quarter, up nearly $3,000 from a year earlier and over $4,000 higher than 2019
• BUT LOOK AT THIS:
• Toyota: US sales jumped 22% to 603,066 vehicles;
• Hyundai: US sales surged about 28% to 167,130 vehicles