According to Reuters on October 3, General Motors' sales in the United States exceeded Toyota in the third quarter. GM said that as of September, GM sold a total of 555,580 cars in the United States, 24% higher than the same period last year.

text: Original by Dongchedi Xing Qiuhong

[Original by Dongchedi Industry] According to Reuters on October 3, General Motors' sales in the United States exceeded Toyota in the third quarter.

GM's sales in the United States exceeded Toyota's

GM said that as of September, GM sold a total of 555,580 cars in the United States, 24% higher than the same period last year. Meanwhile, Toyota car sales fell 7.1% to 526,017 units.

In the first nine months of this year, GM sold about 80,000 Toyota and

2021. Toyota surpassed GM with sales of about 110,000 units. This is the first time since 1931 that GM has not taken the lead in the US automotive industry. However, in the first nine months of this year, General Motors sold about 80,000 units, returning to the top sales.

However, while GM's sales in the U.S. have increased, some analysts warn that as interest rates rise, consumers may not pay more for buying cars/trucks in the coming months, which will lead to a potential decline in car demand in the coming quarters.

In the next few quarters, the discounts in the US auto market may intensify

TrueCar analyst Zack Krelle said: "As the economy declines and interest rates rise, it will lead to an imbalance in the supply and demand of automobiles in the next few quarters, and discounts may begin to appear."