00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. automakers reported steady second-quarter vehicle sales as higher gas prices,
00:07inflation, job concerns, and jitters over the Iran War weighed on consumers, according to Reuters.
00:13U.S. vehicle sales fell just 3% in the first half of the year, according to Omdia Automotive.
00:18General Motors reported a 4% second-quarter sales decline,
00:22though GMC Sierra and Buick Invista sales increased.
00:26Stellantis sales rose 6%, helped by Ram trucks.
00:30Toyota and Hyundai sales rose 1% and 4%, respectively, as hybrids boosted demand.
00:37Hyundai said hybrid sales climbed 71% in the quarter,
00:40while Toyota said electrified vehicles accounted for 57% of total sales.
00:46Cox Automotive analysts said the hybrid trend could help Toyota challenge GM for the U.S. sales lead this year.
00:52For all things money, visit Benzinga.com.
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