Computer Chips, Chip Away At Car Sales
April 4, 2022
By Ken Rogulski / firstname.lastname@example.org
A decline for General Motors is a gain for Toyota.
Toyota Motor North America reported its first-quarter sales totaled more than 603,000 units while GM reported it sold about 515,000. It’s the second time Toyota sold America’s largest automaker. While it was a narrow victory, it remains noteworthy. GM had been the largest selling carmaker for decades. The computer chip shortage is hurting all automakers.
Industry analysts say as a whole, automakers lost about 3.3 million units this first quarter compared to the 1st quarter of 2021.