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

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

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

Scott Olson | Getty Photographs

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 capable of 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 about sporadic shutdowns of crops and led to record-low car inventories in 2021.  

GM stated Tuesday it bought 2.2 million autos within the U.S. in 2021, down by 12.9% in comparison with the yr earlier. Toyota, by comparability, stated it bought 2.3 million autos within the U.S. final yr, 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 vp of automotive operations, downplayed the corporate’s No. 1 rating.

“Sure, we did surpass Common Motors in gross sales,” he advised 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 business publication Automotive News.

GM’s shares jumped by as a lot as 6% throughout intraday buying and selling Tuesday after it stated the chip scarcity was easing and it elevated manufacturing on the finish of the yr.

GM stated its fourth-quarter manufacturing and wholesale deliveries have been up considerably from the third quarter as provides elevated. Vendor stock, together with in-transit autos on their option 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 capable of obtain the milestone by growing gross sales of each vehicles and vans final yr, 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 items.

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

Except for Ford, which bought 1.7 million autos via November, most main automakers are scheduled to report their fourth-quarter and 2021 complete home gross sales on Tuesday. New light-duty car gross sales are anticipated to be about 15 million in 2021.

Business analysts and forecasters are blended 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 yr, doubtlessly regaining its gross sales title.

“In 2022, we plan to reap the benefits of 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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