Toyota, Honda, Kia Rally Continues; Hyundai Posts 1st Gain since Feb.
Tuesday August 4, 2020
Automotive News, Aug. 4, 2020 – Toyota Motor Corp., American Honda and Kia in July posted their smallest U.S. sales declines since the coronavirus outbreak took hold and four brands chalked up increases, signaling the market continues to recover from the pandemic.
Volume fell 19 percent at Toyota Motor, 11 percent at America Honda and 1.7 percent at Kia, the companies said Monday. Meanwhile, July sales rose 3.4 percent at Mazda, and 10 percent at Volvo, but fell 20 percent at Subaru and 21 percent at Genesis.
Among the six automakers that reported Monday, overall volume was off just 12 percent. The rest of the industry releases results quarterly.