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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