Auto Express

Sales of Toyota, GM decreased due to lack of chips, supply chain difficulties

Toyota and Synthetic engine reported a drop in first-quarter U.S. sales on Friday, due to industry-wide disruptions to supply chains and lack of chips tight inventories.

Toyota, already ahead in 2021 GM’s its decades-old position as the best-selling automaker in the United States, outsold the company in the first quarter due to increased demand for its vehicles. Lexus hybrid and tram.

Automakers are grappling with a global chip shortage that forced them to cut production, though car price partially offset the impact from scarce inventory.

“Supply chain disruptions are not entirely behind us, but we expect to continue to exceed production levels in 2021, particularly,” said Steve Carlisle, executive vice president and president of GM North America. in the second half of the year”.

Supply bottlenecks have begun to ease in recent months, but progress has stalled due to Russia’s war against Ukraine as well as new rounds of tightening in the region. China after the resurgence of COVID-19 cases.

“The inventory will take a long time to build up because a large number of upcoming vehicles have already been sold to someone,” said Morningstar analyst David Whiston.

Result of car company:

– GM said quarterly sales fell 20.1% to 512,846 vehicles, sending its shares down 1.04% at $43.28 in morning trading. The automaker said improved semiconductor supplies helped production this quarter, but it expected inventories to remain relatively low throughout the year due to high demand.

– Toyota said sales fell nearly 15% to 514,592 vehicles.

– BMW was one of the few winners for the quarter, reporting a 3.2% increase in overall sales in the first quarter, compared with Q1 2021. The X SUV accounted for 57% of sales. And Minis sales rose 9.4%.

– Mazda reported March sales of 33,023 vehicles, an increase of 3.2% compared to March 2021. Sales to date reached 82,268 vehicles – a decrease of 1.2%.

– Nissan sales in the first quarter reached 201,081 vehicles, down 29.6%. Leaf, Altima and Border All of them increased sales massively.

– Subaru Sales fell 17.5% in the first quarter, at 132,346 vehicles. Subaru cited supply chain shortages as the cause.

– Porsche sales fell 24.9%, to 13,042, and the company also cited supply and delivery problems. It notes that it will launch in 2021, the strongest year in US sales in the brand’s history.

Mitsubishi focused only on retail sales in its report, up 44.7%. Even so, its total sales fell 6.5%, from 28,231 vehicles in the first quarter of last year, to 26,400 vehicles in the first quarter of 2022. Outlander up 218% and Eclipse Cross has increased by 152%.

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button