agent Entrepreneur logo
MenuMENU
SearchSEARCH

Japanese Brands Have Mixed Month in US

January sales up at most, down at Toyota.

February 1, 2023
Japanese Brands Have Mixed Month in US

Kia saw a 22% increase, a January record for the South Korean brand.

IMAGE: Kia

1 min to read


Japanese carmakers had mixed January U.S. sales results as a group, Toyota volume falling 15%, even as its global sales helped it retain the title of the world’s biggest vehicle manufacturer.

Honda finally got its head above water, posting a 14% year-over-year U.S. sales jump after more than a year and a half of declines. It credited double the on-hand inventory it had a year earlier.

Ad Loading...

Toyota suffered particularly poor inventory and saw sales fall as a result.

Meanwhile, sales rose at Hyundai, Kia, Mazda and Subaru. South Korean manufacturers Hyundai and Kia saw 9% and 22% increases, respectively, a January record for the latter. Subaru’s sales inched up 0.5%, its sixth straight month of improvements. And Mazda posted a 9% increase.

Other automakers that release monthly sales results, including Ford, will announce January numbers later this week.

LEARN MORE: Carmakers Post Strong Year-End Sales

Topics:Industry

Originally posted on Auto Dealer Today

More Dealer Ops

Car key, stacks of coins, and a paper car cutout with AutoPayPlus logo, representing auto financing, loan terms, and vehicle affordability trends.
Dealer Opsby StaffMarch 31, 2026

Survey Reveals What Won't Fix What's Breaking Car Sales

AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.

Read More →
Headshots of two male executives
Dealer Opsby StaffMarch 24, 2026

IA American Appoints Two Execs

Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.

Read More →
Dealer Opsby Hannah MitchellAugust 26, 2025

Franchises, Throughput Down in First Half

A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.

Read More →
Ad Loading...
SalesAugust 25, 2025

How to Build a High-Performance Sales and F&I Team

Performance and profits start with people chosen and led the right way.

Read More →
Dealer Opsby Hannah MitchellAugust 19, 2025

Buy-Sells Up in Q2

Kerrigan metrics show there’s plenty of demand, though many sellers are waiting to pull the trigger.

Read More →
F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
Ad Loading...
Industryby StaffMarch 26, 2025

March New-Vehicle Sales Healthy

Despite incentive spending not keeping pace with deliveries volume, consumers make their purchases ahead of tariffs impact.

Read More →
Product & Technologyby StaffMarch 13, 2025

New DOWC Program Debuts

Hybrid solution combines benefits of reinsurance and dealer-owned warranty companies.

Read More →
Dealer OpsJanuary 15, 2025

Carryover Rate Important for Auto Retailers

Understanding how it plays into inventory risk management is an important consideration.

Read More →
Ad Loading...
Trainingby StaffJanuary 13, 2025

Dealer Survey Finds Anxieties

Kerrigan Advisors poll shows percentage of retailers expecting lower profits, valuations is on the rise.

Read More →