Toyota remains No. 1 in global vehicles sales

Toyota remains No. 1 in global vehicles sales

PanARMENIAN.Net - Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal, the Associated Press reports.

Japan's Toyota Motor Corp. announced Wednesday, July 30, that January-June global sales totaled 5.097 million vehicles, up nearly 4 percent from a year earlier. Sales grew in its home Japanese market as well in the rest of Asia, U.S. and Europe.

Sales in Japan were strong because of a rush to beat the rise in the consumption tax that kicked in from April 1, according to Toyota.

Toyota's vehicle sales soared 12 percent in China, while they also held up in North America, growing 5 percent. Toyota also did well in Europe, with sales edging up 8 percent.

Volkswagen of Germany sold 4.97 million vehicles in the first half, outpacing General Motors Co. at 4.92 million vehicles, according to figures released earlier this month. VW's sales are growing faster than that of Detroit-based GM, which is grappling with a major recall over faulty ignition switches, the AP says.

Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models, finished at the top last year with a record 9.98 million vehicles. GM was second and VW third.

Toyota expects to sell more than 10 million vehicles this year, a milestone in the industry.

GM had been the top-selling automaker for more than seven decades before losing the title to Toyota in 2008. GM retook the sales crown in 2011, when Toyota's production was hurt by the quake and tsunami in northeastern Japan.

Toyota made a powerful comeback in 2012, and appears on track to retain its title this year.

The battle among the three automakers remains tight, fought out in still largely untested territory in new markets.

Toyota is a relative latecomer in China, for instance, whereas GM and VW are longtime powerhouses there. Toyota, however, is rapidly catching up.

 Top stories
“The European Union expects that this substantial assistance will lead to bold reforms over the next years,” Hristea said.
Over the 9 months of 2014, Ameribank's assets amounted to AMD 334 billion, taking it to the top of Armenia's banking system.
Sergo Karapetyan stated that exports of Armenian fruits (except fort apricots) and vegetables to Russia this year have doubled.
Among CIS countries, Azerbaijan was placed 60th, Russia 91st, Moldova 75th, Ukraine 88th, Kyrgyzstan 101st place.
Partner news