The sales of new vehicles and cars in general in the United States have been slumping in recent weeks amid high prices. However, even in these rough times, General Motors is seemingly rising itself above the competition and recouping its place as America’s favorite automaker.
According to Reuters, industry analysts are projecting that General Motors will outsell Toyota in the second quarter and be the top seller in the nation. GM previously held the position of the best-selling auto manufacturer in the U.S. since 1931 before being toppled by a Japanese automotive manufacturer.
The biggest issue for Toyota has been the shortage of semiconductors as well as various other issues, including supply chain problems and a lack of workforce. It also didn’t help that Toyota’s all-electric vehicle venture got off to a bad start after the company had to recall 2,700 bZ4X SUV models following a mechanical issue.
Despite dealing better with the issues plaguing the automotive industry than most of its competition, General Motors is still set to report a decline in quarterly sales. The only two automakers that are expected to report increased sales are Ford and Tesla. Ford recorded positive results thanks to its inventory management, while Tesla increased its output after getting the Shanghai factory back to full.