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Toyota tops GM sales in the U.S., expected to be America’s best-selling automaker

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Toyota Motor outsold General Motors in the U.S. for the first time ever during a quarter and is expected to be America’s best-selling automaker.

The Japanese automaker on Thursday reported sales of 688,813 vehicles in the U.S. from April through June. That compares to GM at 688,236 vehicles during the second quarter. Toyota beat analyst expectations, while GM slightly missed forecasts.

The shake-up was caused by a global chip shortage that has significantly hampered vehicle production. Japanese automakers, specifically Toyota, have been able to manage the crisis better than their American competitors.

“They’ve kind of defied gravity the last couple of months,” Cox Automotive senior…



Source cnbc.com

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