Japan leading auto manufacturer Toyota Motor Corp (TYO: 7203) has sold more cars in the United States for the first nine months of the year than U.S local manufacturer General Motors Co. (GM).
According to industry data, for the first nine months of 2021, Toyota sold 1.86 million vehicles in the United States a number higher than the 1.78 million cars sold by GM in the U.S at the similar period.
Citing data from industry publication Automotive News, General Motors has been the leading vehicle manufacturer in the United States since 1931 after taking over from Ford Motor Co.(F).
The automotive industry has been affected by global semiconductor chip shortage which even resulted to some automakers having to halt production activities.
General Motors claims that its third quarter sales in the U.S plunged by 33% to 446,997 making the quarter its worst in the last 10 years.
“We certainly wish we had a few more semiconductors and I bet Toyota wishes they had a few more pickups and SUVs. Nobody should be making long-term judgments about the market” said GM’s spokeswoman, Jim Cain.
On the other side, Toyota says that its third quarter U.S sales rose by 1.4% to 566,005 vehicles.