GM said that most of this impact would be felt in Q3. GM said earlier this month that dealer inventory, including in-transit units, was 128,757 at the end of the third quarter.Įarlier this month when GM announced its Q3 earning, the automaker informed investors that its wholesale volumes in North America in the second half of 2021 would be down about 200,000 units from the first half, largely because of supply chain disruptions in Malaysia caused by COVID-19 shutdowns. ![]() GM is hoping to increase its inventories back up to 30 to 45 days and as high as 60 days for some product lines. GM managed to ship roughly 68,000 pickup trucks to dealers in Q3 that were held at its assembly plants due to semiconductor supply issues.Ĭarlisle also said at the event that new vehicle inventories have shrunk to below 20 days in the U.S. GM has even allowed dealers to pick the vehicles up themselves in some locations to help get the trucks to customers more quickly. To help expedite shipments of the newly built trucks to dealers, Carlisle said the automaker bought a number of car haulers to deliver the trucks from GM's factories or distribution centers. We'll have a bit of a tail of '22 model years into the new year but not for too long." "We're a bit better than halfway through that at the moment and our goal would be to clear out our '21 model years by the end of the year. ![]() "We've made great progress," said Carlisle. Speaking at the Reuters Events Automotive Summit, GM's North American chief executive Steve Carlisle said the automaker is more than halfway through shipping its newly assembled backlog of pickups that were parked and awaiting shipment to dealers, Reuters reported on Friday. ![]() The company was forced to park thousands of pickup trucks until it could obtain the semiconductor chips to finish their final assembly before shipping them off to dealers and delivered to customers. Automaker General Motors is expediting deliveries of full-size pickups that were parked due to the ongoing chip shortages that are affecting auto production around the world.
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