Toyota dethrones GM to develop into 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 Photos

DETROIT – Toyota Motor has dethroned Normal Motors as America’s top-selling automaker in 2021, marking the primary time since 1931 that the Detroit automaker wasn’t the best-selling automotive 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 prompted sporadic shutdowns of vegetation and led to record-low automobile inventories in 2021.  

GM mentioned 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, mentioned 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 Normal Motors in gross sales,” he instructed reporters throughout a name Tuesday. “However to be clear, that’s not our purpose, nor will we see it as sustainable.”

GM has been the biggest vendor of autos within the U.S. since 1931, when it surpassed Ford Motor, based on information 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 yr.

GM mentioned 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 solution to sellers, was 199,662 on the finish of the fourth quarter, up from 128,757 automobiles and vans on the finish of the third quarter.

Toyota was in a position to obtain the milestone by growing gross sales of each automobiles 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 models.

It was a tough gross sales yr for GM as a result of semiconductor chip scarcity. Gross sales of its extremely necessary Chevrolet Silverado pickup – its best-selling automobile – have been down by 10.8% to lower than 530,000 models.

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

Trade analysts and forecasters are blended on their gross sales forecasts for 2022 as a result of volatility available in the market. They vary from about 15.2 million autos to round 16 million autos or higher.

GM North America President Steve Carlisle mentioned 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 sturdy economic system and anticipated improved semiconductor provides to develop our gross sales and share,” he mentioned in a launch Tuesday.

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