Despite facing pressure, US auto sales remain stable
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However, according to Omdia Automotive data, US auto sales in the first half of this year fell by only 3% year-on-year. General Motors' second-quarter sales declined by 4% year-on-year, but sales of the GMC Sierra pickup and more affordable models such as the Buick Envista did increase. Local competitor Stellantis NV, boosted by strong sales of Ram pickups, saw quarterly sales rise by 6% despite higher gasoline prices. Hybrid vehicles drove sales for Toyota and Hyundai in the second quarter, with both automakers' sales rising by 1% and 4% respectively. Randy Parker, President of Hyundai Motor North America, stated that the company is introducing hybrid models to its Georgia plant at "warp speed" to meet market demand.
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