Lexus gave a major boost to Toyota Motor Corp. last month while Hyundai and Kia continue to rack up U.S. sales gains as inventory improves and discounts rise across the industry. Each of the Korean automakers had record sales for November.
Meanwhile, Ford Motor Co. sales dipped slightly as strong electric vehicle deliveries couldn’t overcome the sharp decline of popular models, like the Bronco SUV, that were impacted by the UAW strike earlier this fall. Ford said EV sales rose 43 percent compared to the same period a year ago, while hybrid sales jumped 75 percent and gas-powered vehicle sales fell 6.5 percent.
Sales rose 17 percent at Toyota Motor last month, with volume surging 70 percent at Lexus and 10 percent at Toyota. This was Toyota Motor's biggest sales gain since deliveries rose 28 percent in October 2022.
Light trucks were the big driver at Lexus, with combined sales of crossovers and SUVs jumping 99 percent.
November was a mixed month for the Toyota brand's top sellers: The RAV4 was up 53 percent, the Corolla was up 31 percent, Camry was down 10 percent, the Corolla Cross was up 15 percent, Highlander was down 53 percent, the Tacoma was down 7.1 percent and the Tundra was off 7.6 percent. Sales of the new Grand Highlander totaled 7,735.