The shortage of inventory continues to have a depressing effect on the sales figures for 2022, deflating June sales numbers to below what the industry was experiencing at the beginning of the pandemic when everyone was in lockdown. A new DesRosiers report finds that, “Sales for June 2022 came in at an estimated 143,773 units, down 11.5% from the same month in 2021.” The report listed the sales numbers for the past few Junes:
- 2018 – 200,156
- 2019 – 185,496
- 2020 – 156,327
- 2021 – 162,500
- 2022 – 143,773
“Clearly, vehicle shortages remain severe and dominate the market environment. Indeed, last month saw the lowest June sales level since the recession year of 2009 when sales were under 140 thousand,” said Andrew King, Managing Partner of DAC. “If there is a crumb of comfort to be found in these numbers, it is that the decline in the SAAR we have seen in recent months appears to have abated – with the SAAR for June coming in at 1.45 million – slightly above the May level.”
According to the report, at a corporate level the first six months of the year saw some notable changes in market share:
- FCA saw its first half market share increase, up from 10.1% to 11.9%
- Year-to-date, Ford’s market share grew from 14.0% to 15.2%, placing them as the clear market leader
- Hyundai, Mitsubishi, and Mercedes also gained market share, rising 0.7, 0.3, and 0.2 percentage points respectively
