Toyota dethrones GM as U.S. sales leader after nearly a century on top

Toyota dethrones GM as U.S. sales leader after nearly a century on top
# 04 January 2022 20:21 (UTC +04:00)

Japanese automaker Toyota Motor Corp (7203.T) outsold General Motors Co (GM.N) in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales for a full year since 1931ç APA reports quoting Reuters.

Toyota sold 2.332 million vehicles in the United States in 2021, compared to 2.218 million for General Motors, the automakers said Tuesday. GM's U.S. sales were down 13% for 2021 - and down 43% in the fourth quarter - while Toyota was up 10%for the year.

For all of 2020, GM's U.S. sales totaled 2.55 million, compared with Toyota's 2.11 million and Ford Motor Co's (F.N) 2.04 million.

The year has been marred by a shortage of semiconductors used heavily in vehicles, forcing automakers to focus on their most profitable models.

GM said Tuesday it expects U.S. economic growth will boost U.S. total light-duty vehicle industry sales from around 15 million in 2021 to around 16 million in 2022.

The automakers are reporting full-year 2021 U.S. sales results on Tuesday. GM has been the largest seller of vehicles in the United States since 1931, when it surpassed Ford, according to data from industry publication Automotive News.

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