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General Motors loses market leadership in the USA for the first time in 90 years

2022-01-05T06:01:47.828Z


A big bang on the US auto market: The undisputed number one since 1931, General Motors lost market leadership to Toyota last year. The Japanese got through the chip crisis well, GM sold significantly fewer cars.


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Leadership change in the US market:

Toyota sold more cars in the world's most important car market than the top dog General Motors in 2021

Photo: Getty Images / dpa

For the first time in 90 years, General Motors is no longer the market leader in the USA. The Detroit-based company sold 2.2 million cars in 2021 as a whole, according to Tuesday, making it only number two. The top position was taken by the Japanese manufacturer Toyota with a total of 2.3 million vehicles sold. In 2020, GM was still far ahead.

The reason for the change at the top is the lack of chips: This hit GM hard, with car sales falling by 13 percent for the year as a whole.

Toyota, on the other hand, came through the crisis better than many other car manufacturers and was able to increase sales in the USA by a good ten percent.

Shaped by the experience after the Fukushima disaster, the Japanese have been relying on higher stocks for years and have thus been able to cushion the distortions in the supply chain better than the competition.

"If I were Toyota, I wouldn't get a winner tattoo now"

General Motors spokesman

Accordingly, the change at the top of the market is unlikely to last, said Jessica Caldwell, auto analyst at Edmunds. She pointed out that GM has a wider range and unites more brands than the Japanese. GM has been the undisputed number one in the US market since 1931, according to data from the industry journal Automotive News. At that time the company had ousted Ford from the throne.

GM, under the leadership of

Mary Barra

(69), has recently placed profitability over volume and withdrawn from loss-making markets such as Europe or Russia. A GM spokesman also pointed out that sales of profit generators such as large SUVs or pickup trucks are strong. As soon as the supply situation with chips improves, overall sales will pick up again. "If I were Toyota, I wouldn't get a winning tattoo right now," he said. Toyota took the victory in the race for the top position accordingly calmly: The company was "grateful" for its loyal customers, said top manager Jack Hollis, but it was not a priority to become number one.

Overall, experts reckon that around 15 million cars will be sold on the US market in 2021 - between 2015 and 2019 the average was 17.3 million.

At the same time, car buyers are prepared to pay significantly higher prices.

According to calculations by Edmunds analysts, new cars cost an average of $ 45,872 in November - almost $ 6,000 more than in November 2020 and more than ever before.

rei / Reuters

Source: spiegel

All news articles on 2022-01-05

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