2022/01/06
The Japanese automaker is the first for sales in the US, thus dropping an 80-year record in the hands of General Motors. Japan's Tootaota sold 2.3 million vehicles in the United States last year, up 10.4 percent from 2020. GM sold 2.2 million in 2021, down 12.9 percent from the previous year. The difference in sales between the two automakers was 114,034 vehicles.
It was since 1931 that GM held the sceptre of the automaker that sold the most vehicles in the nation. Weighing on Gm was the chip shortage that slowed production and left dealers with few cars to sell. Tootaota, on the other hand, benefited from its semiconductor stocks but also from having bet before its rivals on the recovery of the American car market by reducing production less and thus finding itself in a position of advantage in the face of the recovery in demand.
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But Toota “Throughout the year, we have focused on delivering as many high-demand, capacity-constrained products as possible, and the strategy has worked," said Steve Carlisle, GM's vice president. "Our resellers and engineering, supply chain, manufacturing and brand teams have moved mountains to cater to as many customers as possible in 2021, despite low inventories caused by semiconductor supply chain issues during the third and fourth quarters,"he said.
Overall, it was a difficult year for the industry and ended on a bitter note. Automakers likely sold at a seasonally adjusted annual rate of about 12.5 million new vehicles in December, down 23 percent from a year earlier, according to the average forecast of six market researchers surveyed by Bloomberg.
Michael Zippo
https://linkedin.com/in/michael-zippo-9136441b1
info@e-book.business
Sources: Finanza.com, Bloomberg
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