Monday, April 20th7.9°C
25349
24644

Toyota remains No. 1, at top in global vehicle sales after first 6 months, beating VW and GM

TOKYO - 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.

Japan's Toyota Motor Corp. announced Wednesday that January-June global sales totalled 5.097 million vehicles, up nearly 4 per cent 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 per cent in China, while they also held up in North America, growing 5 per cent. Toyota also did well in Europe, with sales edging up 8 per cent.

Toyota declined comment on being No. 1. Toyota officials say they are merely trying to satisfy customers, one car at a time, and not competing to be at the top.

All auto officials tend to make such comments in public, but there is no question of the intense competition.

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.

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.

___

Follow Yuri Kageyama on Twitter at twitter.com/yurikageyama

The Canadian Press


Read more Business News

25185


Recent Trending




Today's Market
S&P TSX15412.60+52.05
S&P CDNX703.65+0.80
DJIA18034.93+208.63
Nasdaq4994.60+62.79
S&P 5002100.40+19.22
CDN Dollar0.8155-0.0021
Gold1194.10+0.60
Oil56.30-0.08
Lumber247.70-0.70
Natural Gas2.55+0.01

 
Okanagan Companies
Pacific Safety0.115-0.005
Knighthawk0.010.00
QHR Technologies Inc1.42+0.02
Cantex0.035+0.005
Anavex Life Sciences0.385+0.055
Metalex Ventures0.085+0.010
Russel Metals27.42-0.06
Copper Mountain Mining1.10-0.03
Colorado Resources0.11+0.01
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04+0.00
Mission Ready Services0.185+0.010
Decisive Dividend Corporation1.80+0.15

 



24637

FEATURED Property
22451735027 Twinflower Crescent
2 bedrooms 2 baths
$539,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_



25922

25979


Member of BC Press Council


25541