Toyota Cuts ‘22 US New-Car Sales Industry Outlook on Supply-Chain Issues

Toyota Cuts ‘22 US New-Car Sales Industry Outlook on Supply-Chain Issues
Bob Carter, executive vice president of sales for Toyota Motor North America, speaks during a Toyota news conference at the 2019 CES in Las Vegas, on Jan. 7, 2019. Steve Marcus/Reuters
Reuters
Updated:

DETROIT—Toyota Motor Corp on Wednesday cut its 2022 outlook for the U.S. auto industry’s new-car sales, citing the struggles in the supply-chain caused by the pandemic and the conflict in Ukraine.

The Japanese automaker’s new outlook of 15.5 million vehicles was down from its prior forecast of 16.5 million, Bob Carter, executive vice president of sales for Toyota Motor North America, said on a conference call.