Toyota Motor, which has been forced to cut world-wide output in latest months, reported product sales dropped 29 % in October, with quantity off 31 % at the Toyota division and 15 percent at Lexus.

It was the third straight regular monthly, and major, fall in Toyota model quantity and second consecutive regular monthly drop at Lexus.

The Toyota brand’s biggest sellers all posted double-digit declines: Camry, off 40 per cent RAV4, down 39 per cent Tacoma, off 38 percent Highlander, down 19 per cent and Corolla, off 61 %.

Toyota Motor ended Oct with 111,224 Toyota and Lexus vehicles in vendor stocks and transit, up from 98,724 at the finish of September, a spokesman stated.

Oct quantity dropped 24 % at American Honda, with deliveries slipping 23 per cent at the Honda division and 27 p.c at Acura.

Like Toyota, some of the Honda brand’s major sellers posted noteworthy declines for the month: Accord, off 20 % Civic, down 39 percent CR-V, off 22 percent and Pilot down 19 p.c. Only two Honda products posted gains: the Insight, up 41 percent to 1,939, and the HR-V, up 57 percent to 11,667.

Deliveries slipped 1.1 % at Hyundai, however the firm said retail volume rose 1 percent to an October record of 52,767.

A Hyundai spokesman stated the company’s dealer stock stood at 19,894 at the finish of very last month, off 26 p.c from 26,717 at the shut of September and down 86 percent from 142,616 at the end of Oct 2020.

Kia deliveries dropped 7.2 % to 52,067, with 82 percent of the company’s stock bought through the thirty day period.

“Irrespective of ongoing supply chain issues and chip shortages, we anticipate our readily available source and robust purchaser interest will aid us have a strong end to the 12 months,” Eric Watson, vice president for profits operations at Kia America, stated in a assertion.

Subaru observed deliveries skid for the fifth straight month at the rear of a 40 p.c fall in quantity last thirty day period.

Each individual Subaru nameplate but the WRX/STI posted a decrease, with sales of the best-promoting Forester plunging 67 % to 4,820.

Thomas J. Doll, CEO of Subaru of The usa, blamed the most recent final results — the firm’s sharpest drop of the yr — on “a severe scarcity of semiconductor chips and other critical components that instantly impacts our car generation.”

Genesis claimed deliveries rose 403 p.c final thirty day period to 5,300, with the luxury brand’s two crossovers at the time once more combining to conveniently outsell put together profits of the firm’s 3 sedans.

Mazda noted lower profits for the next straight thirty day period, with Oct deliveries down 14 %. Quantity dropped for the 2nd straight thirty day period at Volvo, with sales off 19 %. Combined gross sales at the 7 important automakers that launch every month success dropped 17 % in Oct. The rest of the field releases gross sales on a quarterly foundation.

By Tara