Last year, light vehicle sales in the United Sales fell to their lowest level since 2012 amid high inflation and supply chain disruptions. An estimated 13.70 million to 13.90 million new vehicles were sold last year, representing a year-over-year decline of 8% to 9%.
However, General Motors Company (GM) registered a 2.5% year-over-year rise in vehicle sales last year. The company witnessed a 41.4% year-over-year increase in new vehicle sales in the fourth quarter. After getting dethroned from the top spot in 2021, GM reclaimed the title of America’s leading automaker from Toyota Motor Corporation (TM) last year.
