[CNBC Television] GM reports second quarter auto sales in line with expectations

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: CNBC’s Phil LeBeau reports on the details of the auto sales for companies in the second quarter. For access to live and exclusive video from CNBC subscribe to CNBC PRO: General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle production and dealer inventories. The Detroit automaker on Thursday reported sales of 688,236 vehicles during the second quarter, up 39.7% from a year earlier when the coronavirus pandemic caused Americans to shelter in place and temporarily closed auto dealerships. Analysts expected GM’s sales to increase by between roughly 40% and 43%, according to forecasts from auto research firms Edmunds and Cox Automotive. “Consumer demand for vehicles is also strong, but constrained by very tight inventories. We expect continued high demand in the second half of this year and into 2022,” said Elaine Buckberg, GM chief economist, in a statement. GM said it ended the second quarter with only 211,974 vehicles in inventory, a 37% decline from 334,628 at the end of the first quarter. Before the pandemic impacting vehicle production, the automaker’s inventory levels were about 616,000 units to end 2019. GM is among the first major automakers to report second-quarter sales on Thursday. Overall, analysts estimate automakers sold about 4.5 million vehicles in the U.S. in the second quarter — a 52% to 53% increase compared with the second quarter of 2020. Sales results for other automakers are coming in slightly below analyst expectations. Hyundai Motor reported second-quarter sales of 240,005 vehicles, a 69% increase from the muted second quarter of 2020. The sales were lower than Cox Automotive’s forecast of a 74% increase. “The situation is just extremely complicated and we’re trying to manage and work through it as best we can,” Randy Parker, senior vice president of national sales at Hyundai Motor America, told CNBC. “I think we’re coming into our low point in terms of availability, so July and August are going to be our toughest months ... we’re hoping that in Q3 and Q4 things are going to improve.” Toyota Motor North America reported second-quarter sales of 688,813 vehicles, up 73% from a year earlier. That was in line with Edmunds’ forecast but below the nearly 76% increase expected by Cox. While the sales recovery from the depths of the pandemic is impressive, the pace of sales this year is slowing. Deutsche Bank analyst Emmanuel Rosner expects June’s sales pace to be 15.7 million vehicles, down from 17.1 million vehicles in May and 18.6 million vehicles in April. Others such as Cox Automotive forecasted a selling rate of about 16.4 million in June. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV