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.
General Motors finished second in global sales with a total of 9.29 million vehicles sold around the world in 2012. This accounts for an increase of roughly 3.3% over the 9 million vehicles sold in 2011. The Volkswagen Group sold 9.07 million vehicles in 2012 – up 10.6% over 2011 when the German automaker sold 8.2 million vehicles. Considering how rapidly the Volkswagen global sales figures are growing, the folks at General Motors could have their hands full in 2013 and 2014. Of the top three (GM, Toyota, VW), General Motors has shown less growth than the other two over the past two years and with the Volkswagen Group adding more brands to their portfolio – VW stands a real chance of claiming the global sales title in the very near future.