Toyota Retakes Global Auto Sales Title

by Nate Wooley | January 28, 2013 10:18 am

Toyota TM[1]After losing the title for a year, Japanese automaker Toyota (NYSE:TM[2]) 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[3]. 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[4]). 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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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/12/Toyota.jpg
  2. TM: http://studio-5.financialcontent.com/investplace/quote?Symbol=TM
  3. The New York Times reports: http://www.nytimes.com/aponline/2013/01/28/business/ap-as-japan-toyota.html?_r=0
  4. GM: http://studio-5.financialcontent.com/investplace/quote?Symbol=GM
  5. Toyota, BMW Team Up on Green Battery: http://investorplace.com/2013/01/toyota-bmw-team-up-on-green-battery/
  6. A GM-Isuzu Pickup Truck in Your Driveway?: http://investorplace.com/2013/01/a-gm-isuzu-pickup-truck-in-your-driveway/
  7. 7 Nominees for the Best Car of 2013: http://investorplace.com/2012/12/7-nominees-for-the-best-car-of-2013/

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