For the first time since 1931, General Motors Co. isn’t the top-selling automaker in the U.S. The Detroit-based manufacturer lost its crown to Japanese...
For the first time since 1931, General Motors Co. isn’t the top-selling automaker in the U.S.
Carmakers likely sold a seasonally adjusted annual rate of about 12.5 million new vehicles in December, down 23% from a year earlier, according to the average forecast of six market researchers surveyed by Bloomberg. The year wasn’t without its bright spots. The inventory challenges helped push some buyers to more profitable option-laden models, while the mainstream embrace of electric vehicles accelerated. Indeed, Tesla Inc. on Sunday blew past Wall Street’s expectations with record quarterly global deliveries.
Crucially for investors, GM said semiconductor supplies got better toward year-end, and the company forecast further improvements in 2022.Toyota’s strong 2021 performance was buoyed by sales of sedans such as the Corolla and Camry. While the automaker’s top-selling vehicle remained the RAV4, the compact SUV’s sales actually dropped 5% for the year. Sales of the Corolla and Camry rose 5% and 6.6%, respectively.
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