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General Motors fourth-quarter U.S. auto sales drop 43%

Mark White by Mark White
January 5, 2022
in Supply Chain
0


The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook

Jan 4 (Reuters) – General Motors Co (GM.N) reported a second straight drop in quarterly U.S. auto sales on Tuesday, as semiconductor shortages and supply chain snarls hit production amid high pent-up demand in the country.

The U.S. automaker said fourth-quarter sales fell 43% to 440,745 vehicles, compared with 771,323 vehicles a year earlier.

General Motors said 2021 sales were at 2,218,228 vehicles, below Toyota Motor Corp’s (7203.T) annual sales of 2,332,262 vehicles.

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Reporting by Aishwarya Nair in Bengaluru;
Editing by Vinay Dwivedi

Our Standards: The Thomson Reuters Trust Principles.



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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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