U.S. light-vehicle sales totaled 1.04 million last month, an increase of about 4.5 percent over the supply-constrained market of a year earlier due to the lack of microchips, according to LMC Automotive, an auto industry forecasting company. However, with so few automakers reporting monthly sales, it makes it hard to be sure.
The things I do know are new vehicle inventories are improving daily, with the possible exception of Honda and Toyota, which still have supply issues. Also, incentives are on the rise and some automakers are worried about inventory actually stacking up.
Here is your list of sales, by brand, and how they did versus a year ago in January. Remember, these are only the automakers that report on a monthly, not just quarterly, basis.
January 2023
Auto Sales By Brand
January 2023 | VS January 2022 | |
1. Ford | 139,262 | 2% |
2. Toyota | 111,447 | 14% |
3. Honda | 75,026 | 10% |
4. Kia |
52,003 |
22% |
5. Hyundai |
52,001 |
28% |
6. Subaru | 44,373 | 1% |
7. Mazda |
22,967 |
9% |
8. Lexus | 20,442 | 1% |
9. Acura |
9,488 |
66% |
10. Volvo |
7,693 |
8% |
11. Lincoln |
5,808 |
1% |
12. Genesis |
3,872 |
6% |
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Photo Credit: CarPro.