• By The Financial District

Toyota Outsells GM In U.S. For First 9 Months Of 2021

Japanese automaker Toyota Motor Corp. outsold General Motors Co. in the United States for the first nine months of 2021 as the Detroit automaker grappled with production problems stemming from the semiconductor chip shortage, David Shepardson and Abhijith Ganapavaram reported for Reuters.

Photo Insert: Like most automakers, GM has been plagued by the semiconductor chip shortage. The company, however, speculates that Toyota wishes it had more pickups and SUVs.

Toyota during the first nine months sold 1.86 million vehicles compared with GM's 1.78 million, or just over 80,000 more vehicles, data released on Friday showed.

GM has been the largest seller of vehicles in the United States since 1931, when it surpassed Ford Motor Co., according to data from industry publication Automotive News.

GM has been hard hit by the chip crisis but it said that starting next week most of its North American plants would be running at regular production. GM said its third-quarter US sales fell nearly 33% to 446,997 vehicles, its worst sales quarter in more than a decade, according to Automotive News.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

GM's sales are up 0.1% for the first nine months. Its shares, which have gained more than one-fourth in value this year, closed up 0.8% on Friday.

Toyota, the world's biggest automaker by volume, said its US sales rose 1.4% to 566,005 vehicles in the quarter and are up 27.9% in the first nine months.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

GM spokesman Jim Cain said on Friday "we certainly wish we had a few more semiconductors and I bet Toyota wishes they had a few more pickups and SUVs. Nobody should be making long-term judgments about the market" based on the sales numbers impacted by the chip crisis.

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