Q1 Auto Sales Look Good, if You’re Not Toyota or Stellantis

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Q1 Auto Sales Look Good, if You’re Not Toyota or Stellantis
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GM moves the most metal overall and also grabs second place in EVs by selling 19,700 Chevy Bolts.

had solid first-quarter results, with 58,061 and 14,077 deliveries, respectively.

On the EV front, Volkswagen Group passed Ford, having sold 14,196 VW and Audi electric vehicles in the first quarter. The Ford brand sold 456,972 cars and trucks in the first three months of the year, up 10.7% and enough to reclaim first place among brands from Toyota division’s 401,306 vehicles sold, a drop of 10.9%.Toyota execs warned of persistent supply-chain shortages for the entire industry in a roundtable press conference last month, though the shortages appear to have affected their company more than most competitors.

Robust March sales supported an estimated 15.3-million seasonally adjusted annual rate for the first quarter, representing the best SAAR quarter since Q2 of 2021, says the US Bureau of Economic Analysis. March sales were up 8.6% for the industry, with a 28% increase in fleet sales, indicating it might not be so hard this year to rent a car for your summer vacation.

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