Toyota Remains Number One Automaker In World; GM Second

Toyota Motor Corporation has once again remained at the top of the automotive heap, despite a plethora of recall problems due to unintended acceleration and a decline in United States sales.

The Japanese automaker saw its sales rise 8 percent to 8.42 million vehicles sold in 2010, according to Toyota. These vehicles include Toyota’s luxury brand, Lexus, as well as Daihatsu, who rose 4 percent and sold 783,000 vehicles, and Hino Motors, which rose 35 percent.

Toyota stated that they hope to sell around 8.6 million vehicles this year, a minor increase, but one nonetheless.

General Motors came in second, as worldwide sales increased by 12 percent to 8.39 million units, according to the automaker.

As stated earlier, Toyota’s sales in the United States have been on the decline due to recall problems and a lack of exciting vehicles. The automaker saw its sales fall by 0.4 percent to 1.76 million units in America. Yet, that didn’t seem to matter to the automaker’s bottom line, as new Asian markets are providing Toyota with a sales spark.

“Toyota’s sales in Asia are growing, but in China it’s clearly lagging behind GM and other market leaders,” said Satoru Takada, a Tokyo-based analyst at TIW Inc to Bloomberg. “In the U.S., with the recalls, a lack of splashy new models and the top-selling Camry at the end of its cycle, the result is not surprising.”

While Toyota has grown in the People's Republic of China, General Motors has taken the growth title, as they outgrew the Japanese automaker by 10 percent last year.

Coming in third was the Volkswagen Group, who hopes to be in first by miles in 2018. The German automaker rose 14 percent and sold 7.4 million vehicles in 2010 sales chief Christian Klingler said on Jan. 10.

[Bloomberg]

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