Jump to content


SEARCH

0

Toyota is on top of the sales chart for now

By SYF77 on 15 May 2012

Attached Image: Toyota_Logo1.jpg

Toyota's three-year stretch as the world's largest automaker ended in 2011, when the company endured production setbacks in the aftermath of the devastating Japan earthquake and tsunami.

Attached Image

However, Toyota is back with a vengeance and posted a 15.8% increase in sales in the US during the first quarter of 2012. On top of that, the Japanese automaker is on top of the global sales chart again based on Q1 2012 results.

Toyota moved 2.49 million vehicles globally in the first three months, edging GM's 2.28 million sales and Volkswagen's 2.16 million, Bloomberg News reported. In 2011, GM was the best selling brand globally. GM sold 9.03 million vehicles while Volkswagen and Toyota moved 8.16 million and 7.9 million respectively.

However, GM seemed relax about the fact that it is beginning to lose its sales crown for 2012. GM spokesman, Jim Cain, commented that one quarter is an awfully short window of time when GM has a big vision for global growth.

"GM today is a profitable, growing company, and our plan is to grow more and earn more," said Cain in an e-mail. "We've got the ingredients to do both over time, especially with our aggressive new product launch calendar and the momentum Chevrolet, in particular, is building around the world," he added.

Indeed, the first quarter is like the 10km mark in a marathon race. There is still a long journey ahead for GM and Toyota. It is still too early for Toyota to rejoice.

Attached Image



sales report, discussions and 8 more...

Viewed: 648 times

Related Blog Posts
SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Rumors about Bugatti building a SUV has been circulating around for quite some time but its CEO m...
POPULAR BLOG POSTS
Photo
Ladies and Gentlemen, this is the new Toyota Supra. Thanks to a leak from the folks from SupraMKV...
Photo
The latest and greatest rumor about the Ford Mustang speculates that the iconic pony car may soon...
Photo
Yes, the Honda Civic Type R is already one of the most extreme-looking cars on sale today. And ye...
Photo
Two decommissioned Toyota Crowns remain in Singapore and they will be replaced by Hyundai Sonatas...
Photo
More than 40 MyCarForum (MCF) members gathered at the Renault showroom the past Saturday morning...
   Lifestyle Articles