Toyota Remains on Top for Auto Sales

Toyota Remains on Top for Auto SalesThis time too Toyota Motor Corp. remained the top most auto selling company and surpassed Volkswagen AG for a third successive year due to its strong number of deliveries of SUV's in the U. S.

A statement released by the company said that the global sales of Toyota, which includes its units of Hino Motors Ltd. and Daihatsu Motor Co., leaped three percent reaching10.23 million vehicles in the previous year. Last week Volkswagen reported an increase of 4.2 percent in sales which numbered at10.14 million sales of its vehicles which also includes the two units for its heavy-trucks. General Motors Co. also followed suit with a 2.1 percent increase in sales at 9.92 million vehicles.

Last year, the growing demand for Toyota's sport-utility vehicles which include the compact RAV4 and the mid-size vehicle Highlander, helped the share of Toyota in the U. S. market to grow by leaps.

The strapping gains have made the plans of the company stronger to increase the local production as well as exports from Japan in the current year.

On the other hand, Volkswagen and General Motors plan to add their factories in China to improve their position in the dominant markets.

However, Toyota Motor Corporation's President, Akio Toyoda's policy to abstain from constructing new auto plants till at least next year may change the number of sales in the auto industry in the coming year.

General: 
Companies: 
Region: 

Advertisements