Wednesday, August 10, 2022
News General Motors Has Almost 100,000 Vehicles Waiting Around its Factories to be...

General Motors Has Almost 100,000 Vehicles Waiting Around its Factories to be Completed

General Motors has close to 100,000 vehicles awaiting completion at its various factories.

  • The supply chain crisis is still ongoing and it is causing problems for many automakers

  • Close to 100,000 GM vehicles are currently waiting to receive missing parts

  • Despite this, GM is expected to regain first place in US sales after Toyota beat it last year

General Motors currently has close to 100,000 vehicles sitting in parking lots all around its factories, waiting for back-ordered parts before they can be delivered to their buyers.

This situation is not surprising considering the ongoing supply chain crisis that has affected every automaker for the past two years, but it shows that things might not be improving at the moment.

Indeed, GM is not the only company that has to hold on to new vehicles before they can be completed, but it is one of the worst affected.

These undelivered vehicles contributed to the company selling 15% fewer vehicles in the second quarter of the year than in the first, which translates to 582,401 vehicles for the three-month period that ended in June.

Despite this, General Motors is expected to be the number one automaker in terms of US sales for the quarter, overtaking Toyota, which was the best-selling brand in the country in 2021, the first time this title didn’t go to GM since 1931.

This is possible since Toyota was also affected by the same parts shortages and had to cut back its production several times over the last few months.

In addition to GM and Toyota, Stellantis, Hyundai, Honda and Nissan are all expected to publish lower sales numbers than in the first quarter of the year.

According to the same predictions, Ford won’t show a similar drop due to better management of its inventories and Tesla could be the only automaker to see an increase in sales, mostly thanks to its heavily integrated supply chain.

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