LotLinx Weekly News Vol. 195: Out With the Old, In With the Latest Trends

FROM AUTOMOTIVE NEWS: December U.S. Auto Sales: Toyota, Honda, Hyundai, Kia Slide Again; GM Skids 43% In Q4

Both the final quarter and month of 2021 saw over 20% decreases in light vehicle sales, with the majority of automakers following suit. Year over year sales, however, fared a bit more optimistically.

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FROM REUTERS: Toyota Dethrones GM as U.S. Sales Leader After Nearly a Century on Top

After 90 years as the nation’s top seller, the U.S. automaker faced a 13% yearly sales decrease and slipped into second behind Toyota – up 10% for the year.

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FROM KELLEY BLUE BOOK: New Car Discounts Hit a 5-Year Low Last Year

At the end of 2021, new car discounts made up just 4.1% of the average sales price. The influence of discounts is not expected to rebound as inventory remains tight in 2022.

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FROM CAR AND DRIVER: Tesla Delivered Almost a Million EVs Worldwide in 2021

While the number of Tesla deliveries has broken records for six consecutive quarters, the company’s selective reporting makes it unclear how many of their EVs were sold in the U.S. 

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