GM Crushes Ford in Truck Wars but Loses Q2 Sales Crown to Toyota
The global semiconductor shortage has weighed on auto production this year, constraining U.S. sales despite strong demand. However, while the shortage is widespread, it hasn't hit all automakers equally.
That led to some big changes in the usually pecking order within the auto industry last quarter. Toyota Motor (NYSE: TM) became the top-selling automaker in the U.S. for the first time ever, edging out General Motors (NYSE: GM). Yet GM scored its own success, making huge market share gains in the full-size truck market at Ford Motor's (NYSE: F) expense.
Last quarter, Toyota sold 688,813 vehicles in the United States. That was just enough to slide ahead of GM, which reported 688,236 domestic deliveries in the second quarter.
Source Fool.com
