{"id":1670049,"date":"2022-10-03T12:06:48","date_gmt":"2022-10-03T16:06:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670049"},"modified":"2022-10-03T12:09:46","modified_gmt":"2022-10-03T16:09:46","slug":"gm-outsells-toyota-in-u-s-as-industry-worries-about-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gm-outsells-toyota-in-u-s-as-industry-worries-about-inflation\/","title":{"rendered":"GM outsells Toyota in U.S. as industry worries about inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgm-outsells-toyota-in-u-s-as-industry-worries-about-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1670049&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Aishwarya Nair<\/p>\n<p>(Reuters) \u2013     General Motors Co  outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in future car sales.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>GM said it sold 555,580 vehicles in the quarter through September, 24% higher than last year when inventory shortages hit sales. Toyota\u2019s sales fell 7.1% to 526,017 vehicles in the same period.<\/p>\n<p>The Detroit automaker added it would boost production of its Chevrolet Bolt electric models in response to higher demand.<\/p>\n<p>Thus far, a shortage of cars due to supply disruptions, combined with a preference for personal transport, has seen consumers willing to shell out more money, largely protecting profits at automakers and auto dealers who have pulled back on discounts.<\/p>\n<p>But analysts now warn demand may lose steam in the coming quarters as rising interest rates discourage consumers from paying more money for cars and trucks in the coming months.<\/p>\n<p>Used-car dealer CarMax Inc rang the alarm bells on Thursday, suggesting consumers were beginning to pull back from big-ticket purchases due to decades-high inflation.<\/p>\n<p>Shipping finished vehicles to consumers proved to be another headache for the industry in the quarter. Tesla Inc shares fell on Monday after it sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles.<\/p>\n<p>Supply issues also dragged down sales of Fiat Chrysler  6%.<\/p>\n<p>\u201cWe are paying close attention to how the industry will react to these concerns. Perhaps there will be more incentives, longer finance terms, or a combination of these,\u201d said TrueCar analyst Zack Krelle.<\/p>\n<p>Auto industry consultant Cox Automotive said U.S. automakers may sell more vehicles in the third quarter over Japanese brands, which are still struggling with inventory issues.<\/p>\n<p>Another consultant Edmunds said a total of 3,393,988 new cars and trucks will be sold in the United States in the quarter, a 0.9% decrease from a year earlier.<\/p>\n<p>GM\u2019s sales numbers failed to make a dent on its shares, which were up 2.6% in morning trade.<\/p>\n<p>The automaker said it plans to increase calendar-year production of both Chevrolet Bolt EV and Bolt EUV for global markets to more than 70,000 in 2023 from about 44,000 vehicles in 2022.<\/p>\n<p> (Reporting by Aishwarya Nair in Bengaluru; Editing by Maju Samuel)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/inflation-to-put-u-s\/attachment\/file-photo-logo-of-gm-atop-the-company-headquarters-8\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI920QW-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI920QW-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/inflation-to-put-u-s\/attachment\/file-photo-a-man-walks-past-a-toyota-logo-at\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI920QY-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI920QY-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/inflation-to-put-u-s\/attachment\/file-photo-file-photo-logo-of-detroit-based-ford-motor-co\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI920GK-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI920GK-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Aishwarya Nair (Reuters) \u2013 General Motors Co outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors<\/p>\n","protected":false},"author":66,"featured_media":1889449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1670049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/gm-outsells-toyota-in\/?utm_source=rss&utm_medium=rss&utm_campaign=gm-outsells-toyota-in","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1670049"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1670049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889449"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1670049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1670049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1670049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}