[RahulNagaraj]

General Motors managed to surpass Toyota Motor Corp in Q2 car sales in the USA. The American car brand reclaimed its crown after losing the top slot to Toyota last year, for the first time since 1931.



According to reports, Toyota has been the worst-hit automaker this year, suffering heavily from supply chain disruptions and the lockdown in China. The Japanese carmaker is said to have sold 531,105 units in the second quarter, 15% lower than its sales numbers from last year. General Motors on the other hand, managed to register 578,507 units of sales during the same period - outselling its Japanese rival by over 47,000 units.

General Motors also announced that it had nearly 100,000 vehicles waiting for more parts, forcing the company to offer weak second-quarter profit guidance. However, GM has kept their full-year profit guidance as they expect to sell these vehicles before the year-end. The net income of the company in Q2 is expected to be around US$1.6 billion to US$1.9 billion, missing analysts' expectations of touching US$2.56 billion.

The US auto industry is said to be struggling to keep up with the pent-up demand for new cars amidst persistent chip shortages and supply-chain disruptions.

Source: Reuters

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[Livnletcarsliv]

Here goes my perception about this situation and more - GM surpassing Toyota in the US is not due to GM's capability, but due to Toyota's re-strategy especially due to global economic, manufacturing and supply chain situation.
Toyota in general is increasing the prices of its models globally and more so in India in multiples. So I guess they are taking the VAG route of moving away from mass car maker and focus of more profit per car and of course focus on their USP - bullet proof reliability, low maintenance and quality.
So I will even be unsurprised to morning news that Toyota's sales is reduced, especially in India. And focus more on the products and profits.