Toyota widens its lead over GM as its global sales increase by 18 percent

Article by Christian Andrei, on October 29, 2012

The high demand in the U.S. for Camry sedans and Prius hybrids contributed to helping Toyota Motor Corp. achieve an 18% increase in global sales. Toyota was able to widen its lead over General Motors, the global volume leader in 2011. Yurika Motoyoshi, a Toyota spokeswoman, said that the company delivered 2.43 million cars and trucks in the quarter that ended Sept. 30 (including subsidiaries Hino Motors Ltd. and Daihatsu Motor Co.).

A year ago, it had deliveries of 2.06 million. Toyota sold 7.4 million units through September, marking a 28% increase. GM spokesman Jim Cain said that in the quarter, GM sold 2.28 million units. From the start of this year through September, it has sold 6.95 million units.

Ed Kim, an industry analyst at researcher AutoPacific Inc. in Tustin, Calif., said that he didn’t expect Toyota to recover this quickly and that many underestimated Toyota’s huge loyal owner base. For this year, President Akio Toyoda aims to launch 19 models as Toyota aims toward getting back the recognition as the world's biggest carmaker.

Toyota is relying on the U.S. to offset its declining sales in China, where a territorial conflict with Japan is putting at risk Toyota's target of selling a record 9.76 million vehicles globally in 2012.

Toyota’s China sales in September declined by 49%, its largest decline since January 2002. On Oct. 9, Toyota said that it sold 197,700 units in China in the past quarter, 23% lower than last year’s figure. Back then, Dion Corbett, a company spokesman, said that it would be “very difficult” to meet the annual China target.

Topics: toyota, gm, sales

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016