Biden's Economy: Auto Sales Down 8 Percent, Lowest Levels Since 2011

Supply-chain issues and poorly stocked dealerships plagued US auto companies in 2022, leading to an eight percent decrease in domestic sales and the lowest number of purchases in more than a decade.

But the Biden economy’s doing great, folks.

The good news however is that General Motors was one of the few companies to report an increase and took the US sales crown back from Toyota, which earned the top spot in 2021.

The Wall Street Journal breaks down the numbers:

Industrywide, U.S. auto sales totaled 13.7 million vehicles in 2022, the lowest figure since 2011 and an 8% decrease from the prior year, according to the research firm Wards Intelligence. Sales had topped 17 million vehicles for five straight years before the Covid-19 pandemic struck in 2020, unleashing supply-chain problems that have bogged down deliveries ever since.