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GM has idled nearly 100,000 vehicles waiting for parts in a shortage of supplies

General Motors Co.saw 15% car sales in the second quarter of Friday due to a global chip shortage andsupply chaindisruption Reported a decrease. Produced and nearly 100,000 vehicles were waiting for more parts.

Consumers for new cars are struggling to increase production due to chip shortages, labor tightness, and problems related to supply chain log jams in the US automotive industry. I'm having a hard time keeping up with rising demand. ..

Last year, GM, which lost its position as a sales leader to Toyota for the first time since 1931, said it sold 582,401 units in the quarter to June, compared to 688,236 units last year. ..

Consumer Issues: Global Auto Parts Lack – June 21, 2022

However, Detroit automakers Still expected to be the top new car, according to Cox Automotive, quarterly vehicle sellers as industry-wide turmoil is squeezing inventory from other major automakers.

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GM is also pure It was between $ 1.6 billion and $ 1.9 billion in the second quarter when it said it was expecting a profit. According to Refinitiv data, analysts estimate an average profit of US $ 2.56 billion. I wasn't immediately sure if the numbers were comparable.

Automakers are set to report new car sales in the United States for the three months to June on Friday and Tuesday.

Toyota suffered the most this year as it repeatedly reduced production and threw clouds throughout the year due to chip shortages and the lockdown of China's COVID-19, which also affected other automakers. Was one of the car makers. Production target.

According to Cox and TrueCar data, Toyota, along with Stellantis, Hyundai Motor Co., Honda Motor Co. and Nissan Motor Co Ltd., will report a decline in quarterly sales excluding Ford.

Ford, which reports June sales on Tuesday, manages inventory better than most other inventories and has recovered from last year's struggle, according to Cox officials. It is said that it is.

Tesla Inc. will be the only major brand to grow sales in the first half of this year, Cox said.

Read more: Canada needs to recharge capacity to increase incentives and reach EV goals: Industry Group

Industry observers are concerned about the potential impact of decades of high inflation and rising gas prices on the automotive industry, but demand remains strong and unusual. It points out that it is a situation.

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As the bigger obstacle to the current increase in car sales is still the industry-wide shortage of cars and trucks. It seems that analysts forecast sales for the whole year.

"At this point, it seems very unlikely that vehicle production will recover in 2022," said Jessica Coldwell, executive director of insights for Edmans, an automotive industry consultant. I am saying.

© 2022 Reuters