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Tuesday, October 19, 2021

Toyota sold GM in the United States for the first nine months of 2021

WASHINGTON – Japanese carmaker Toyota Motor Corp. sold General Motors in the United States in the first nine months of 2021 as Detroit automaker suffered from a shortage of semiconductor chips.

Toyota sold 1.86 million vehicles in the first nine months, compared to GM’s 1.78 million or just over 80,000 vehicles, according to data released Friday.

According to industry publication Automotive News, GM was the largest vehicle dealer in the United States since 1931, when it surpassed the Ford Motor Company.

GM has been hit hard by the chip crisis but has said most of its North American plants will resume regular production from next week.

According to Automotive News, GM said its third-quarter U.S. sales fell nearly 33 percent to 446,997 vehicles, the worst sales quarter in more than a decade. GM sales rose 0.1 percent in the first nine months. Its shares, which have gained more than a quarter this year, closed 0.8 percent higher on Friday.

On March 16, 2021, the new GM logo appeared at Detroit’s General Motors headquarters. (Rebecca Cook / Reuters)

Toyota, the world’s largest carmaker by volume, said its U.S. sales rose 1.4 percent to 566,005 vehicles and 27.9 percent in the first nine months.

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GM spokesman Jim Kane said on Friday: “We wish we had a few more semiconductors and I bet Toyota has some more pickups and SUVs. One should not make long-term judgments about the market based on the number of sales affected by the chip crisis.

A Toyota spokesman said the US sales figures for 2021 were inconsistent due to the chips issue and the carmaker insisted it had never focused on being number one in terms of sales.

Cars use chips in their infotainment systems, while epidemics have increased demand for chips because many people work from home and rely on smartphones and other electronics.

For 2020, GM sold 2.55 million vehicles in the United States, compared to Toyota’s 2.11 million, ahead of Ford’s 2.04 million.

In the quarter, U.S. sales of Nissan fell 10 percent, while U.S. sales of Chrysler Parent Stellantis fell 19 percent.

By David Shepardson, Abhijit and Ganapabaram

Reuters

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This News Originally From – The Epoch Times

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