in the last quarter. A semiconductor stockpile kept its factories humming, in contrast to most rivals.
Overheated demand, partly down to the U.S. emergence from Covid-19, makes it a particularly painful time to have production shortfalls. America was on course tofor vehicles sold and average transaction prices in June according to J.D. Power. A lack of supply makes customers more keen to buy what cars there are, without discounts. Toyota, not hamstrung by a chip shortage unlike rivals, captured more of this red-hot market.
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