Inventory crisis dragged auto sales to a decade low in 2022

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U.S. automakers dominated the luxury and domestic segments in 2022, with Tesla outrunning BMW and General Motors overtaking Toyota Motor.

According to Automotive News estimates, Tesla sales soared 44 percent to 491,000 units. Demand for the Model Y crossover, which cracked the bestseller list last year, fueled Tesla’s growth. The Texas EV maker ended BMW’s three-year streak at the top of the luxury sales chart, besting the German automaker by nearly 159,000 units and commanding…

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