The Japanese auto maker, which for decades has worked to expand its presence in the U.S., outsold GM by roughly 114,000 vehicles in the full-year 2021. Toyota’s total U.S. sales of 2.3 million were up about 10% compared with 2020, the company said Tuesday.
By contrast, GM reported a nearly 13% slide in results for a total of 2.2 million vehicles sold in 2021, as the semiconductor shortage took a bigger toll on its manufacturing operations and left dealers with fewer vehicles to sell. GM had been the no. 1 auto-seller in the U.S. for decades.
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Korea’s Hyundai Motor Co. , for the second year in a row, notched sizable share gains, selling 738,081 vehicles in 2021 and boosting sales by about 19% over the prior year, the company reported Tuesday. Mazda Motor Corp. , Volkswagen AG and BMW AG also posted stronger-than-average sales, research firm Cox Automotive estimates.