Toyota reported on Friday that in March it sold 194,178 vehicles, down 23.5% year-over-year. In Q1, it sold 515,592 vehicles, down 14.7% year-over-year. Despite the massive drop, these sales plunged less than the sales of GM and Ford, and this made Toyota the largest automaker in the US for Q1, a hair ahead of GM.
GM, which reports sales only quarterly, said on Friday that its Q1 sales plunged by 20.1% year-over-year to 512,846 vehicles, with retail sales dropping further, and fleet sales rising 10% year-over-year. This put GM once again behind Toyota.
Ford reported today that its sales in March plunged by 25.6% year-over-year to 159,328 vehicles. Fleet sales (mostly to rental fleets) picked up, but retail sales plunged 30.1% year-over-year. For Q1, sales plunged by 17.1% to 432,132 vehicles
Tesla doesn’t report US sales at all. It only reports global sales, which jumped 68% to 310,048 vehicles in Q1, thanks to its new factory in Shanghai, “despite ongoing supply chain challenges and factory shutdowns,” Tesla said. For Q2, production has started at its plant in Texas and at its plant in Germany. But its factory in Shanghai was shut down on March 28, and remains shut down today amid the Covid lockdown in Shanghai.New Vehicle Sales Plunge as Chip Shortages, Production Cuts, Low Inventories Drag On. Back Where They’d Been in 1979 | Wolf Street