By Katherine Hamilton
American Honda sales plunged in November, weighed down by production impacts from an industry-wide shortage of semiconductors and the expiration of electric vehicle rebates.
The car company on Tuesday said it sold 15.3% fewer vehicles in November than it did in the same month a year ago, with sales of Honda down 16.8% and Acura down 1.4%.
Total car sales fell 5.6%, while total truck sales fell 18.8%.
Sales of electrified vehicles fell 28.8% to 28,280 in November from a year ago. EV sales have taken a hit lately after a key federal tax credit for electric vehicles expired at the end of September.
The company said it is experiencing production impacts from a semiconductor supply shortage. In October, Honda started temporary production reductions and stoppages at its North American factories, The Wall Street Journal reported.
Nexperia, a Netherlands-based chipmaker, stopped exporting products from China earlier this year, prompting several automakers to brace for a shortage. The stoppage is related to a geopolitical dispute among the Dutch, Chinese and U.S. governments.
Year-to-date, Honda America has sold more than 1.3 million vehicles, up 1.8% from a year ago.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
Corrections & Amplifications
This article was corrected at 5:32 p.m. ET. The original version incorrectly said that November sales rose in the headline and first and second paragraphs.
(END) Dow Jones Newswires
12-02-25 1610ET
