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The seasonally adjusted, annualized rate of sales fell to 12.81 million in May, according to Motor Intelligence.
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The state inked deals with Rivian and Hyundai Motor Group for two EV factories to bring in over $10 billion in auto industry investment and 15,000 assembly jobs.
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The loss leader in this equation was Toyota Motor Corp., which saw April sales volume fall 23%.
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Hyundai Motor Corp. will build an assembly plant in the U.S. for electric vehicles and batteries, COO Jose Muñoz announced.
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By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.
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Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
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The number of potentially affected vehicles has also fallen with 4,622,752 vehicles affected so far.
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The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.
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Hyundai Motor Co and affiliate Kia Corp. predict a 12.1% combined global sales jump in 2022, despite 2021 sales falling short of targets.
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2021 Hyundai Santa Fe EV tops the list.
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