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Showing Original Post only (View all)Toyota tops GM sales in the U.S., expected to be America's best-selling automaker [View all]
https://news.google.com/articles/CAIiECgODVKmRsjvCToIdQVmyasqGQgEKhAIACoHCAow2Nb3CjDivdcCMP3ungY?hl=en-US&gl=US&ceid=US%3AenToyota Motor outsold General Motors in the U.S. for the first time ever during a quarter and is expected to be America's best-selling automaker.
The Japanese automaker on Thursday reported sales of 688,813 vehicles in the U.S. from April through June. That compares to GM at 688,236 vehicles during the second quarter. Toyota beat analyst expectations, while GM slightly missed forecasts.
The shake-up was caused by a global chip shortage that has significantly hampered vehicle production. Japanese automakers, specifically Toyota, have been able to manage the crisis better than their American competitors.
"They've kind of defied gravity the last couple of months," Cox Automotive senior economist Charlie Chesbrough said. "We're tracking them having very weak inventories out there and yet their sales have actually held up quite well. We're really kind of surprised by Toyota's strength, and having a decent quarter relative to some of the competition."
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Toyota tops GM sales in the U.S., expected to be America's best-selling automaker [View all]
Dial H For Hero
Jul 2021
OP
On the other hand, they have been a leader in hybrids with better gas mileage
Klaralven
Jul 2021
#13
Toyota have sold fuel efficient vehicles, while GM, Ford, Ram/Jeep have sold pickups, big SUVs
Klaralven
Jul 2021
#26
Toyota have more experience with electric cars by producing more hybrids / plug-in hybrids
Klaralven
Jul 2021
#30
In the 1960s Ford and GM still both made good cars that competed with foreign cars.
SunSeeker
Jul 2021
#7
The GM philosophy was that buyers should drive 3 years and then trade for a new one.
Klaralven
Jul 2021
#12