Toyota Overtakes GM , as 2021 Top Selling <br />Automaker in the US .<br />Toyota Overtakes GM , as 2021 Top Selling <br />Automaker in the US .<br />Toyota is the first car company based outside of the U.S. to claim the spot as top-selling automaker.<br />General Motors (GM) has been the top selling automaker in the U.S. since 1931.<br />Toyota's Senior VP for North America commented on the news.<br />Yes, we did surpass General Motors in sales, Jack Hollis, Toyota North America’s Senior VP, via NBC News.<br />But to be clear, that is not our goal, nor do we see it as sustainable, Jack Hollis, Toyota North America’s Senior VP, via NBC News.<br />Part of what Hollis is alluding to is that the pandemic played a significant role in Toyota's sales.<br />GM was wracked by supply chain issues brought about by global COVID lockdown and restrictions.<br />As a result, GM's inventory in the U.S. hit record lows.<br />The automaker's sales were down nearly 13 percent in 2021, when compared to sales in 2020.<br />Toyota, by contrast, was able to fare similar supply chain issues better.<br />Its sales were up by more than 10 percent in 2021 from the year earlier.<br />Despite the news, <br />GM shares were up <br />following the announcement.<br />The company has stated this its supply chain woes are slowly diminishing and its inventory increasing.<br />In 2022, we plan to take advantage of the strong economy and anticipated improved semiconductor supplies to grow our sales and share, Steve Carlisle, GM North America President, <br />via NBC News
