Toyota's Hollis said that demand remains exceptionally strong, especially for more efficient gas-electric hybrid vehicles, and the company's electric vehicle, the BZ4x. “The majority of consumers who are purchasing vehicles in these conditions are either in a financial position where money is less of a consideration or are doing so out of absolute necessity,” said Edmunds analyst Jessica Caldwell. Edmunds expects inventory shortages to continue for the foreseeable future, frustrating auto buyers. Most automakers were reporting sales figures on Friday, but Tesla is likely to do so this weekend and Ford won't report until Tuesday.Įdmunds predicted that nearly 3.5 million new vehicles were sold last quarter in the U.S., 20.8% fewer than the same period a year ago. Nissan sales dropped nearly 39% for the quarter, and Hyundai posted a 23% sales dip. Honda's second-quarter sales fell by more than half, with the company blaming “severe” supply chain issues. Stellantis, formerly Fiat Chrysler, posted a 16% sales decline. That allowed GM to pass the Japanese company and retake the crown as the top-selling automaker in the U.S., a title GM lost last year. Toyota sales were down 19% for the first half of the year and they fell 18% in June. “Every microchip producer is producing at maximum speed because they have maximum demand,” Hollis said. Jack Hollis, head of Toyota sales in North America, said the chip shortage didn't improve as much as the company expected in the first half of the year, and he doesn't see it getting much better until next summer. The incomplete vehicles are expected to be finished and sold by the end of the year. reported that 12.7% of consumers who financed a new vehicle in June had monthly payments of $1,000 or more.Īt General Motors, which reported a 15% sales drop, shortages of chips and other parts forced the company to build 95,000 vehicles without one part or another. Power estimates that the average sales price of a new vehicle for the first six months of the year hit nearly $45,000, a record that is 17.5% higher than a year ago. Low supply has raised prices to record levels, knocking many consumers out of the new-vehicle market. Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. new vehicle sales likely tumbled more than 20% in the second quarter compared with a year ago as the global semiconductor shortage continues to vex the industry. “One hundred percent of the donations go to medical supplies, food and clothes for Ukrainians.”Īllen Hawk and Mike Shook, both of Butler, said they attended the fundraiser in support of those suffering during the invasion, and of the owners of the restaurant, who are Ukrainian descendants.DETROIT - U.S. “I spoke with the president of Brother’s Brother, who said he was talking with the Ukrainian embassy,” Pawk said. Pawk said the money raised from the fundraiser would go toward the Brother’s Brother Foundation in Pittsburgh. Some left without food, stopping only to drop off checks for the cause. “The response from Butler has been incredible,” co-owner Mike Pawk said.Ĭustomers crowded the bar and restaurant, urging waitresses to “keep the change” when paying their bills to contribute. A Facebook flyer advertising the food, T-shirts and the basket raffles promised at the event quickly circulated the website. The fundraiser was intended by the restaurant owners to be a low-key affair for the community to contribute to Ukrainians affected by Russia’s invasion. Wednesday, the Lyndora Hotel opened to customers for its Open Mic Night, offering takeout halupki, pierogies and kiffles, with proceeds being donated to those in Ukraine.īy 5:30 p.m., they were sold out of meals and “Stand With Ukraine” T-shirts, but people continued donating to the cause.
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