Chip shortages cost GM the US vehicle sales crown it’s held since 1931

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Chip shortages cost GM the US vehicle sales crown it’s held since 1931

Normal Motors is now not the highest vendor of automobiles within the US as reported Tuesday by CNBC. The Detroit powerhouse misplaced the crown to Toyota, which reportedly offered about 114,000 extra automobiles than GM in 2021.

GM reported Tuesday that complete gross sales had been down virtually 13 % final yr as a result of semiconductor shortages. Car and know-how firms worldwide have been confronted with manufacturing difficulties as a result of chip shortages, and GM has needed to lower options from some automobiles, equivalent to wi-fi chargers and HD radios, as a result of provide points.

However issues are wanting up for GM — the father or mother firm of Chevrolet and GMC says the chip state of affairs is bettering. “In 2022, we plan to make the most of the sturdy financial system and anticipated improved semiconductor provides to develop our gross sales and share. We will even additional strengthen our business management in vehicles and start our drive to EV management in North America,” Steve Carlisle, GM’s president of North America, stated in a press release. A significant focus for the corporate now’s bolstering its electrical automobile lineup with the brand new Hummer EV (which it has begun delivering) plus the upcoming Silverado and Denali EVs.

Toyota, in the meantime, boasted file years for a lot of vehicles regardless of having to chop some manufacturing final yr because of the chip scarcity. The (now) high automaker within the US leads in gross sales of sedans with the Camry, SUVs with the RAV4, and minivans with the Sienna, in accordance with a press launch. The corporate additionally reported that it was the “primary vendor of electrified automobiles for the twenty second consecutive yr” — though it has but to really ship a completely electrical one.

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