Toyota Dethrones GM As U.S. Sales Leader After Nearly A Century On Top

Japanese automaker Toyota Motor Corp outsold General Motors Co in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales for a full year since 1931.

Toyota sold 2.332 million vehicles in the United States in 2021, compared with 2.218 million for General Motors, the automakers said on Tuesday.

GM's U.S. sales were down 13% for 2021 - and down 43% in the fourth quarter - while Toyota was up 10% for the year. GM last had lower sales in 2010 at 2.202 million.

For all of 2020, GM's U.S. sales totaled 2.55 million, compared with Toyota's 2.11 million and Ford Motor Co's 2.04 million.

Last year was marred by a shortage of semiconductors used heavily in vehicles, forcing automakers to focus on their most profitable models.

GM said on Tuesday it expects U.S. economic growth will boost U.S. total light-duty vehicle industry sales from around 15 million in 2021 to around 16 million in 2022.

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

Toyota is not boasting about the accomplishment. Senior Vice President Jack Hollis said the automaker is "grateful" for its loyal customers, but "being No. 1 is never a focus or priority."

Check out the full article from Reuters here.