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Month: February 2022

Hyundai sales rebound; Honda, Subaru, Toyota, Kia slip again as chip shortage drags on

Hyundai sales rebound; Honda, Subaru, Toyota, Kia slip again as chip shortage drags on

Hyundai snapped a five-month losing streak with a 10 percent gain in January U.S. sales while volume dropped for the sixth straight month at Toyota Motor Corp. and Kia as the microchip shortage and other disruptions continue to upend stockpiles. Honda and Subaru also posted lower sales.