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Ringo64

RSS Report: Toyota is world's top-selling automaker for second year in a row

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Filed under: GM, Toyota, Volkswagen, Earnings/Financials

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Toyota is the top-selling automaker in the world. Again. Still. With total reported sales, including those from subsidiaries, of 9.98 million in 2013, Toyota's performance was enough to outpace rival General Motors by around 270,000 vehicles. That's a 2.4-percent gain over 2012, and it makes Toyota the top-seller two years in a row. Still, the gap between the top three is shrinking - Toyota held a 460,000-unit lead in 2012.

GM sold 9.71 million vehicles last year, a four-percent increase, coming in second place ahead of Volkswagen, which sold around 9.5 million. According to Bloomberg, Toyota CEO Akio Toyoda said his company managed to win the sales race while also remaining more profitable than GM or VW.

It's going to be another interesting year in 2014 as the three behemoth automakers vie for the title of World's Largest. Toyota has predicted that it will increase sales in 2014 to 10.32 million - which would make Toyota the first automaker ever to surpass 10 million global sales - though General Motors and VW are expected to again fight for the lead in the massive Chinese market. Stay tuned.

Toyota is world's top-selling automaker for second year in a row originally appeared on Autoblog on Sun, 26 Jan 2014 11:05:00 EST. Please see our terms for use of feeds.

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Kinda nice to see GM wanting to be the best again, I suppose. Lets hope they don't fall back into the horrors from the 80's and 90's ever again.

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