Toyota outsells GM, Volkswagen to claim 2012 global sales title
Toyota Motor Corp sold 9.75 million vehicles around the world in 2012, up a whopping 23% globally over 2011. This includes Toyota subsidiaries Hino Motors Ltd. and Daihatsu Motor Co. Toyota’s biggest improvement in 2012 came in their domestic market, where sales grew 35% to 2.41 million units on the year. Sales throughout the rest of the global markets rose by 19% to 7.33 million units and the United States accounted for a large chunk of those foreign sales figures – with 2.08 million vehicles accounting for an increase of 27% over the prior year. This growth in the US market allowed Toyota to increase their market share in the important American market from 12.9 to 14.4 percent, closing the gap a bit between themselves and market leader GM (own controlled 17.9% of the US market). Toyota also saw a 2% gain in the struggling European market while their Chinese interests posted their first decline since 2002.