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

Toyota autos are provided on the market at a dealership on November 04, 2021 in Chicago, Illinois.

Scott Olson | Getty Photos

DETROIT – Toyota Motor has dethroned Common Motors as America’s top-selling automaker in 2021, marking the primary time since 1931 that the Detroit automaker wasn’t the best-selling automobile firm within the U.S.

It additionally marks the primary time a non-domestic automaker has taken the highest spot in America.

Toyota was in a position to handle provide chain points higher, permitting it to remove GM’s throne for the primary time in 90 years. An ongoing scarcity of semiconductor chips brought on sporadic shutdowns of crops and led to record-low car inventories in 2021.

GM stated Tuesday it offered 2.2 million autos within the U.S. in 2021, down by 12.9% in comparison with the 12 months earlier. Toyota, by comparability, stated it offered 2.3 million autos within the U.S. final 12 months, up by 10.4% in comparison with 2020. The distinction in gross sales between the 2 automakers was 114,034 autos.

Jack Hollis, Toyota North America’s senior vice chairman of automotive operations, downplayed the corporate’s No. 1 rating.

“Sure, we did surpass Common Motors in gross sales,” he instructed reporters throughout a name Tuesday. “However to be clear, that isn’t our objective, nor can we see it as sustainable.”

GM has been the biggest vendor of autos within the U.S. since 1931, when it surpassed Ford Motor, in response to knowledge from trade publication Automotive Information.

GM’s inventory achieved a brand new 52-week excessive Tuesday of $65.98 a share earlier than closing at $65.74 a share, up by 7.5%. The bounce adopted the automaker saying the chip scarcity was easing and it elevated manufacturing on the finish of the 12 months.

GM stated its fourth-quarter manufacturing and wholesale deliveries had been up considerably from the third quarter as provides elevated. Supplier stock, together with in-transit autos on their technique to sellers, was 199,662 on the finish of the fourth quarter, up from 128,757 vehicles and vans on the finish of the third quarter.

Toyota was in a position to obtain the milestone by rising gross sales of each vehicles and vans final 12 months, regardless of a 25% decline in gross sales of its full-size Tundra pickup. Gross sales of its smaller Tacoma pickup elevated by 5.7% to 252,520 models.

It was a tough gross sales 12 months for GM because of the semiconductor chip scarcity. Gross sales of its extremely vital Chevrolet Silverado pickup – its best-selling car – had been down by 10.8% to lower than 530,000 models.

Apart from Ford, which offered 1.7 million autos by way of November, most main automakers are scheduled to report their fourth-quarter and 2021 whole home gross sales on Tuesday. New light-duty car gross sales are anticipated to be about 15 million in 2021.

Trade analysts and forecasters are combined on their gross sales forecasts for 2022 because of the volatility out there. They vary from about 15.2 million autos to round 16 million autos or higher.

GM North America President Steve Carlisle stated the automaker plans to extend its gross sales and marker share subsequent 12 months, probably regaining its gross sales title.

“In 2022, we plan to benefit from the robust financial system and anticipated improved semiconductor provides to develop our gross sales and share,” he stated in a launch Tuesday.


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