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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.

Ford Motor vehicles parked in an overflow lot amid a shortage of automotive semiconductor chips in Louisville.

Photographer: Luke Sharrett/Bloomberg
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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.