Chip shortages cost GM the US vehicle sales crown it’s held since 1931
Posted On January 4, 2022
General Motors is no longer the top seller of vehicles in the US as reported Tuesday by CNBC. The Detroit powerhouse lost the crown to Toyota, which reportedly sold about 114,000 more vehicles than GM in 2021.
GM reported Tuesday that total sales were down almost 13 percent last year due to semiconductor shortages. Vehicle and technology companies worldwide have been faced with production difficulties due to chip shortages, and GM has had to cut features from some vehicles, such as wireless chargers and HD radios, due to supply issues.