Abstract:Toyota on top
January 5, 2022
For the first time since 1931 GM isnt the top-selling automaker in the U.S.
The Detroit-based company lost its crown to Japanese rival Toyota which boosted sales 10% last year despite a 28% decline in the fourth quarter. With 2.3 million units sold in the U.S. in 2021, Toyota narrowly outpaced GMs 2.2 million.
The change at the top reflects the volatility of a year many carmakers will be happy to leave behind. From snarled shipping lines to semiconductor shortages, the challenges of 2021 left manufacturers struggling to keep up with demand. While industrywide sales likely rose modestly from 2020, supply constraints shattered any hope of a quick recovery from the early pandemic slump.
OnePro Special Analyst
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