Friday, May 20, 2022
News Toyota Expected to Once More Outsell GM in the US in Q3

Toyota Expected to Once More Outsell GM in the US in Q3

Traditional market shares are shifting in the US as Toyota is predicted to again deliver the most new cars

  • Toyota outsold GM in Q2 of this year.

  • The Japanese giant has better managed the ongoing global chip shortage.

  • Overall, new car sales are down due to dwindling inventories.

The global mess the auto industry is currently in is unlikely to end soon based on various experts. The consequences of the microchip shortage are shifting market shares as automakers struggle to keep assembly lines running. Some car companies are weathering the situation better than others which explains why Toyota is expected to once more lead in sales in the US.

In the second quarter of 2021, Toyota beat out General Motors in sales for the first time ever. The numbers were a result of inventory and production issues, and Toyota fully expected that they were in no way going to repeat. According to Automotive News, it is expected that they in fact will outsell GM for a second quarter in a row.

GM, and other domestic automakers, have been forced to idle most of their plants at one point or another due to chip shortages. This has resulted in lower new vehicle inventories which have seemingly sent potential customers to other brands. Meanwhile, Toyota managed to keep the factories going relying heavily on their relationship with suppliers.

In the US, forecasts indicate that only Toyota, Volkswagen, and Hyundai/Kia will make gains in Q3 and this despite an overall 13% decline in deliveries.

2022 Chevrolet Silverado ZR2 | Photo: Chevrolet

Jessica Caldwell, Edmunds’ executive director of insights, said: “The entire U.S. auto industry — including the Asian manufacturers, which were doing a bit better than their domestic counterparts until recently — is in an incredibly volatile position right now and we are seeing inflated retail prices across the board.

“It’s growing extraordinarily hard to predict who will come out on top heading into the rest of the year, as every automaker is at the mercy of its suppliers and challenged logistics around the globe.”

Trending Now

The Hyundai Ioniq 5 and Kia EV6 get their First Recall

Both vehicles are at risk of rolling away unattended A voltage drop in the shifter control unit is to blame 19,743 units are...

Mercedes-Benz Teased the 2023 EQE SUV

The electric SUV will be launched later in the year and AMG versions are likely to follow early in 2023 This SUV will...

Rivian Could Have to Push Back the Deliveries of its Commercial Vans

Rivian is reportedly in the grip of a dispute with one of its suppliers, Commercial Vehicle Group, alleging that the latter has not respected...

Report: Ford to Possibly Revive Thunderbird Name

The new Thunderbird could become the Chevrolet Corvette fighter. Like the Lightning, the THUNDERbird would be resurrected for an EV. It’s been almost a...

EV Battery Prices will Continue to Increase Until 2026

Experts believe the increase in demand will hike the prices of batteries until 2026 The additional factories currently planned will go online towards...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.