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Toyota dethrones GM to become America’s top-selling automaker in 2021

From cnbc.com

Toyota Motor has dethroned General Motors as America’s top-selling automaker in 2021, marking the first time since 1931 that the Detroit automaker wasn’t the best-selling car company in the U.S. It also marks the first time a non-domestic automaker has taken the top spot in America. Toyota was able to manage supply chain issues better, allowing it to take away GM’s throne for the first time in 90 years. An ongoing shortage of semiconductor chips caused sporadic shutdowns of plants and led to record-low vehicle inventories in 2021. {video} GM said Tuesday it sold 2.2 million vehicles in the U.S. in 2021, down by 12.9% ... (full story)

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  • Category: Fundamental Analysis