US Auto Sales Slide in Q1; Toyota Outsells GM

US Auto Sales Slide in Q1; Toyota Outsells GM
Automobiles for sale at a car dealership in Carlsbad, Calif., on May 2, 2016. Mike Blake/Reuters
Reuters
Updated:

U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains.

Toyota, which in 2021 upstaged GM as the top-selling automaker in the United States, outsold the company in the first quarter on increased demand for its Lexus hybrid and electric vehicles.