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00:02U.S. automakers with hybrid models outperformed rivals in second quarter sales
00:07as high gas prices and softer EV demand shaped the market.
00:12Toyota reported a 1.1% sales increase, led by a roughly 20% jump in electrified vehicle sales.
00:20Hyundai sales rose 4% in the quarter, and hybrid sales climbed 67% in the first half,
00:26while Honda said record electrified sales helped overall sales rise 8.4%.
00:32Kia reported a 3% sales increase and a 152% jump in hybrid sales.
00:38GM, which offers a broad EV lineup but only one low-volume hybrid, reported a 4.2% sales decline.
00:46Gas prices are more than 20% higher than a year ago, according to All-A.
00:51Cox Automotive said Toyota could narrow the gap with GM,
00:54while industry forecasts call for flat to lower U.S. vehicle sales this year.
00:58For all things money, visit Benzinga.com.
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