The first units of the Toyota bZ4X were sold in the U.S. this month.
The USA auto market dives by a very harsh -29.6% to 1,115,810 sales. Passenger cars fall –36.3% to 251,042 units and 22.5% share while light trucks drop -27.8% to 864,768 registrations and 77.5% share. The seasonally adjusted, annualised rate of sales (SAAR) freefalls from 17.1 million in May 2021 and 14.5 million in April 2022 to just 12.7 million this month, a -25.7% year-on-year decline. As a reminder, the pandemic-plagued SAAR for May 2020 was 12.08 million, not far below this month’s SAAR. The year-to-date volume is now down -18.2% to 5.59 million units.
Among groups still communicating monthly sales, Ford Motor (-4.4%) posts by far the best result and is the only one keeping its decline to single-digits. Toyota Motor resists slightly better than the market at -27.3% just as Hyundai-Kia (-30%) matches the market and American Honda (-57.3%) is in total freefall. Brand-wise, Toyota (-27.4%) remains above Ford (-4.3%), the latter albeit showing great resistance. Honda (-56.5%) and Hyundai (-34%) underperform while Subaru (-24.8%), Lexus (-26.8%) and Kia (-27.8%) manage to slip in just below the market decline rate. Mazda (-63.7%) and Acura (-64.4%) are the worst performers among brands communicating data this month. Lincoln (-6.8%) also shows great resolve while Genesis (+18%) continues to climb up fast.
Looking at models with available May data, both the Ford F-Series (+6.9%) and Toyota RAV4 (+9.5%) brilliantly brave the negative context with solid gains. The Toyota Corolla (-17.5%) takes the title of best-selling Passenger Car off the Toyota Camry (-33.9%) just as the Honda Accord (-57.9%) and Civic (-77.3%) both flounder. Among other year-on-year gainers we find the Ford Explorer (+18.7%), Subaru Outback (+5.2%), the Ford Edge (+81.2%), Subaru Ascent (+25.3%) and Ford Mustang Mach E (+166.3%). The Ford Bronco tops recent launches but drops back below 10,000 monthly sales. It distances the Ford Maverick, Toyota Corolla Cross, Hyundai Santa Cruz and Kia EV6. The all-electric and oddly named Toyota bZ4X has landed into the US charts with just under 200 sales for the month.
Full May 2022 data for selected groups, brands and models below.