For the quarter, volume increased 16 percent to a record 159,550 at Kia, and 28 percent at Hyundai.Hyundai stated it set a regular monthly record for retail volume– 72,740 systems, up 153 percent– in March, with fleet volume off 58 percent throughout the month.At Genesis, the brand-new GV80 crossover continued to outmatch the combined sales of the brand names 3 sedans, leading to a 108 percent increase in first-quarter volume of 8,222. More broadly, Auto News states that the annualized new vehicle sales rate for March need to be up to 16.5 million in the U.S., or not far off from the 17 million new cars that offered in the U.S. in 2019, the last “normal” year we had. It said in a statement it was “strategically targeting to be self-compliant” with guidelines in China, but that if needed it would buy credits.Tesla critics like to tag Tesla for relying on credit sales to prop up revenues, but, in reality, credit sales are a fairly little portion of Teslas revenue. 3rd Gear: The Chip Shortage Has Gotten Worse For FordFord formerly stated that the global chip shortage would be affecting F-150 production, however it went even more Wednesday, stating that it would impact F-150 production at least through June.From Bloomberg: The truck plant in Dearborn, Michigan, will shut for two weeks starting April 5, the car manufacturer said Wednesday in an emailed declaration. From Reuters: The worlds fourth largest carmaker targets international sales of 400,000 high voltage lorries this year from 139,000 in 2020 thanks to the launch of 11 extra models, John Elkann, who likewise serves as Stellantis chairman, said in a letter to Exor investors.

For the quarter, volume increased 16 percent to a record 159,550 at Kia, and 28 percent at Hyundai.Hyundai stated it set a regular monthly record for retail volume– 72,740 units, up 153 percent– in March, with fleet volume off 58 percent during the month.At Genesis, the brand-new GV80 crossover continued to surpass the combined sales of the brand names 3 sedans, leading to a 108 percent boost in first-quarter volume of 8,222. It stated in a declaration it was “tactically targeting to be self-compliant” with rules in China, however that if required it would buy credits.Tesla critics like to tag Tesla for relying on credit sales to prop up revenues, but, in reality, credit sales are a relatively small percentage of Teslas income. 3rd Gear: The Chip Shortage Has Gotten Worse For FordFord previously said that the global chip shortage would be affecting F-150 production, but it went further Wednesday, saying that it would affect F-150 production at least through June.From Bloomberg: The truck plant in Dearborn, Michigan, will shut for two weeks starting April 5, the automaker said Wednesday in an emailed statement.

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