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

Article by Christian A., 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:

Comments

Recommended

South Korean carmaker Kia will try to follow up the success of its Sportage compact sports utility vehicle by introducing a smaller SUV (subcompact) in the United Kingdom in the...
by - October 18, 2017
It can no longer be denied that Jaguar Land Rover wants to design some more hardcore type versions of their SUV range --- soon after launching the Discovery SVX only...
by - October 18, 2017
Motorists in the United Kingdom who intend to purchase the new 2018 Hyundai Kona subcompact sports utility vehicle could start placing their orders on November 2, 2017. Marked by Hyundai...
by - October 18, 2017
For many years, Lamborghini has always relied on the use of large and powerful engines including the V10 and the V12. In fact, the company’s very first engine in the...
by - October 17, 2017
You can now get the Opel Crossland X that’s LPG-powered if you are not a fan of diesel. Recently, the company released their version of the Peugeot 2008 equipped with...
by - October 17, 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