To The Moon

General Motors surpassed Toyota Motor in second-quarter U.S. car sales, data on Friday showed, even as persistent chip shortages and supply chain disruptions crimped automakers' ability to meet pent-up demand.

GM, which lost its crown as the U.S. sales leader last year for the first time since 1931 to Toyota, said it sold 582,401 vehicles in the quarter through June, 15% lower than a year earlier.

Let's recap.

$General Motors(GM)$

​

During the second quarter of this year, General Motors delivered 582,401 vehicles in the US, which is 15.4% less than a year ago. On the positive side, the volume and market share increased sequentially for the third consecutive quarter.

The number includes 387,582 Chevrolet vehicles (down 10.5% year-over-year) and 132,055 GMC (down 13.7%).

The two brands sold in the US a total of 7,217 plug-in electric vehicles (over 7,300 including Bright Drop Zevo 600), which is 36% less than a year ago and represents about 1.2% of the total GM's volume.

While GM's EV sales remain lower than they should be, it's rebounding and ramping up so we expect nothing but better results every quarter.

$Toyota(TM)$

​​

​Toyota Motor North America (Toyota and Lexus brands) reports sales of 531,105 vehicles in the US during the second quarter of 2022, which is 23% less than a year ago. The year-to-date result is almost 20% below H1 2021 at 1,045,697.

The Japanese manufacturer was noticeably affected by the "ongoing inventory challenges" in Q2:

• Toyota: 464,382 (down 23%)
• Lexus: 66,723 (down 20%)
• Total: 531,105 (down 23%)

Plug-in electric vehicle sales decreased more than Toyota's total volume or electrified volume, which is a very unfortunate outcome, especially since there are new models in the lineup.

In addition, Rivian and Ford also report their deliveries in Q2 2022.

$Rivian Automotive, Inc.(RIVN)$

Rivian Automotive Inc delivered 4,467 vehicles in the second quarter, nearly four times more than the preceding quarter, as the electric-vehicle maker benefited from a ramp-up in production and strong demand.

The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter.

The upbeat figures sent Rivian's shares nearly 20% higher in the past five days, providing some relief to a stock that has lost almost three-fourths of its value in this year's equities selloff.

$Ford(F)$

Ford Motor said Tuesday that it sold 483,688 cars and light trucks in the United States in the second quarter, slightly more than it sold a year earlier, when it was hit particularly hard by the global shortage of computer chips.

Almost all automakers reported decreases in sales in the April-to-June period because the chip shortage has prevented them from keeping up with demand.

The chip shortage forced Ford to close many plants for long stretches in the second quarter last year, and its sales slumped. Its chip supply remains tight.

Even with its slight increase, Ford trailed both General Motors and Toyota in the second quarter. G.M. sold 582,401 vehicles in the quarter, a decline of 15 percent. Toyota sold 531,105 vehicles, a decrease of 23 percent.

Ford sold nearly 300,000 F-Series pickup trucks in the quarter, more than double its total from a year earlier.

Another bright spot was its sales of electric vehicles. Ford has sold 2,296 F-150 Lightnings, the electric pickup, since starting production in April. Sales of the Mustang Mach-E, an electric sport utility vehicle, totaled 10,941 in the quarter, up 72 percent from a year earlier.

Source: insideevs

SHARE YOUR THOUGHTS​

Are Q2 delivery numbers going to shock everyone to the upside?

You may be rewarded with Tiger Coins for sharing your thoughts in the comment💸💸💸

Follow me! Don't forget I am the richest tiger in this community😎😎