Toyota Retakes Global Auto Sales Title

Automaker sold 9.748 million vehicles last year

   

Toyota Retakes Global Auto Sales Title

Toyota 300x199 Toyota Retakes Global Auto Sales TitleAfter losing the title for a year, Japanese automaker Toyota (NYSE:TM) is again the biggest seller of vehicles in the world.

The carmaker sold 9.748 million vehicles worldwide last year, an increase of 23% year-over-year The New York Times reports. That total also is slightly higher than the forecast the company provided last month.

Toyota reclaimed the title over last year’s winner, General Motors (NYSE:GM). GM took the crown when Toyota faltered because its supply chain was disrupted by the earthquake and tsunami in Japan.

GM sold 9.29 million vehicles last year.

Toyota’s growth — including overseas sales that grew 19% and Japanese sales that surged 35% — is impressive given the hurdles that Toyota has faced recently, including a series of costly recalls that damaged the reputation for quality and reliability that the brand seeks to cultivate.

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Article printed from InvestorPlace Media, http://investorplace.com/2013/01/toyota-retakes-global-auto-sales-title/.

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