Toyota may fall to No. 3 in the world automaker sales rankings, behind GM and VW

Article by Christian A., on April 25, 2011

Nearly two-thirds of Toyota Motor Corp.’s local output in March was cut, making it highly likely that it will fall to No. 3 in the world automaker sales rankings behind General Motors Co. and Volkswagen AG.

The March 11 earthquake and tsunami has disrupted Japan's auto sector supply chain and power supplies have been reduced due to damage at a major nuclear plant.

Last Monday, investors that expected overseas competitors to benefit from an economic crisis in Japan had pushed up shares in South Korea's Hyundai Motors and associate Kia Motors to record highs.

Suh Sung-moon, an analyst at Korea Investment & Securities in Seoul, said that Hyundai and Kia stand to benefit the most from the Japanese car industry’s struggles. Hyundai will concentrate on the high-end market and Kia can boost volume shipments. Hyundai believes that this is a “great mixture” to keep up with Japanese rivals.

Meanwhile, Honda Motor Co. has released a statement to say that production will normalize towards the end of the year. Honda, which posted a 62.9% drop in domestic production in March, said that output is at 50% of its original plans until the end of June.

In March, domestic production at Toyota dropped by 62.7%. Meanwhile, Nissan Motor Co. said that its output fell 52.4%. Koji Endo, managing director of Advanced Research Japan in Tokyo, said that Toyota is almost sure it will lose its top global sales rank held since 2008.

Topics: toyota, gm, volkswagen

If you liked the article, share on:

Comments

Recommended

Polestar is notably known to be Volvo's internal performance specialists, and around last year Polestar revealed to the public that it will utilize electrification to further advance the power of...
by - June 26, 2017
Earlier this month, Porsche introduced to us the 911 Turbo S Exclusive Series. The car wore a Golden Yellow Metallic paint. The same time it was launched, the company said...
by - June 26, 2017
Last month, the Lamborghini Centenario made its way to the Transformers: The Last Knight premiere where it got the attention of many. Following that event, three Lamborghini Centenario coupes landed...
by - June 26, 2017
The Holy Trinity of hypercars may not be accessible anymore after being discontinued, but that doesn’t mean we won’t see any more hypercars in the future. What we know is...
by - June 26, 2017
Kia is taking things a step further with the new Kia Stinger, which they first introduced at the 2017 Detroit Auto Show. With the specs given to us by the...
by - June 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries