General Motors Co. steals the crown from Toyota Motor Corp.

SalesMoney Matters
Written By Jennifer Joslyn

🛻 General Motors Co. steals the crown from Toyota Motor Corp.

While both automakers had double-digit increases in Q4 American sales, GM’s grew by 3% and rounded out at a solid 2.3 million units sold. Toyota had narrowly beaten out the competition in 2021 but instead posted a total of 2.1 million in Q4. These amounts are staggering as higher financing costs continue to result from the Federal Reserve’s continuous interest rate hikes. Financing these new or used vehicles is more expensive than ever for U.S. consumers.

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Jennifer Joslyn
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