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Car Sales in the US Slow on Rising Sticker Prices and Scant Supplies
- GM wrests title as top seller in US back from Toyota
- Asian brands see big declines reflecting global chip shortage
Ford Motor vehicles parked in an overflow lot amid a shortage of automotive semiconductor chips in Louisville.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
US auto sales slumped in the second quarter as chip shortages continued to choke car supplies and rising sticker prices put new vehicles out of reach for a wider swath of prospective buyers.
The declines affected most automakers, including General Motors Co., but were steepest among Asian brands such as Honda Motor Co. and Nissan Motor Co.