Colin Richardson’s Post

SOME HIGHLIGHTS: - 19 straight gains....It was the 19th consecutive month that sales increased year over year. For the seven OEMs that report monthly, sales rose 12 percent in February, strengthened by bigger gains at Toyota Motor Corporation and Honda , and were up 11 percent year to date. - Top automakers, brands.... For the second straight month, Ford was the top selling brand, followed by Toyota, GlobalData said. General Motors was the No. 1 automaker, Toyota Motor ranked second, and Ford Motor Company was No. 3. GM and Toyota Motor have now alternated as the U.S. market leader for the past four months, GlobalData said. - Toyota, Honda inventories....Toyota North America ended February with 229,566 vehicles in U.S. inventory, a 31-day supply, with 127,385 cars and light trucks in dealerships' stock and 102,181 at ports or in transit to stores. A year earlier, the company's U.S. stockpiles stood at 134,361. American Honda Motor Company, Inc. brand inventories more than doubled year over year to 166,459 at the end of February, up from 142,636 a month earlier and 80,109 at the close of February 2023. NOTE...Nissan Motor Corporation is at 120-day supply. - Incentives....The average incentive on a new car or light truck rose 90 percent to $2,828 last month from February 2023, Motor Intelligence said. - Hybrids roll....In addition to rising stockpiles, Toyota and Honda are seeing double-digit growth in hybrid sales. They are not alone. Hyundai Motor Company (현대자동차), Ford Motor Company #automotive #automotiveindustry #marketing #digitalmarketing #sales #leadership #management #innovation #ecommerce #branding #ai #brand #ev #electricvehicles #technology