Toyota said 2022 sales were down due to supply chain issues, preventing it from meeting demand.
by sales to General Motors in 2022, but it still expects to hold its edge in selling passenger cars.
Plano-based Toyota North America still expects to be named America’s top seller of passenger cars for the 11th consecutive year after Ford releases its 2022 sales figures Thursday morning, said Jack Hollis, executive vice president of sales at Toyota, during an annual sales call Wednesday morning.
“I don’t think any manufacturer is at the level of volume they want to be at,” he said. “Other brands are having problems as well. Ford continues to struggle with chips. We’re way lower than we’d like to be.” “It’s not all doom and gloom. There are slow but steady inventory improvements with prices of commodities and raw materials slowly starting to de-escalate,” he said. “And fuel prices are expected to be an average of $3.50 this year versus an average of over $4 last year.”
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