Toyota wins back world's top auto sales crown from GM

TOKYO Mon Jan 28, 2013 11:29am IST

1 of 2. Toyota Motor Corp's remodeled 'Crown Athlete' appears between curtains during an unveiling in Tokyo December 25, 2012.

Credit: Reuters/Yuriko Nakao/Files

Related Topics

Stocks

   

TOKYO (Reuters) - Toyota Motor Corp (7203.T) regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors (GM.N) and Volkswagen (VOWG_p.DE).

Toyota said on Monday it sold 9.75 million vehicles group-wide around the world last year, a record for the 75-year-old Japanese automaker and up 22.6 percent from a year ago.

The result was in line with the company's December forecast, and put it back in the No. 1 spot, which it lost in 2011 when it was hit by a wave of negative publicity after a recall crisis in the United States, and a disrupted supply chain following an earthquake in Japan and floods in Thailand.

Toyota held the global sales crown from 2008 through 2010, but fell to third place in 2011 behind GM and Volkswagen.

GM sold 9.28 million vehicles in 2012, up 2.9 percent from a year ago, while Volkswagen sold 9.07 million vehicles, up 11.2 percent.

Toyota aims to sell 9.91 million vehicles group-wide globally in 2013, up 1.6 percent from 2012.

The Toyota group also includes sales at Daihatsu Motor Co (7262.T) and Hino Motors Ltd (7205.T). Toyota-only sales hit a record-high 8.72 million vehicles, up 22.8 percent on a year ago.

Toyota's domestic rival Nissan Motor Co (7201.T) said on Monday it sold a record 4.94 million vehicles globally in 2012, while Honda Motor Co (7267.T) sold 3.82 million vehicles, up 19 percent.

(Reporting by Yoko Kubota; Editing by Richard Pullin)

FILED UNDER:

Economic Pulse

Reuters Showcase

S&P on Budget

S&P on Budget

Budget shows commitment to keep fiscal deficit low  Full Article | On Ratings 

PMI Data

PMI Data

Factory activity growth slows to five-month low in Feb  Full Article 

Fitch on Budget

Fitch on Budget

India's "less aspiring" fiscal consolidation strategy negative for ratings  Full Article 

Monetary Policy

Monetary Policy

Two policymakers see case for RBI rate cut - report  Full Article 

China Economy

China Economy

China Feb HSBC PMI at seven-month high but more rate cuts seen on the cards  Full Article 

Battling Apple

Battling Apple

Samsung unveils sleek new Galaxy phones  Full Article 

Moody's on Budget

Moody's on Budget

Budget "credit neutral" from a ratings perspective  Full Article 

On Rate Hike

On Rate Hike

Insight: Near Fed majority backs June liftoff Yellen hasn't yet endorsed  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage