Toyota, world’s top auto seller in 2012

7 years ago by in Business, Featured

toyotaToyota Motor Corp dethroned General Motors and took back the position of world’s leading car seller in 2012. The American automaker, General Motors, stated on Monday that its car sales came to around 9.29 million units last year, while the Japanese carmaker reported projected sales of 9.7 million units.

GM’s sales grew 2.9 percent, while Toyota’s projected sales represent a 22 percent gain. General Motors reported better sales than Toyota for the first time in four years in 2011. At that time, Toyota reported a drop in sales due to the violent earthquake and tsunami that affected its factories in Japan.

In 2012, Toyota became the world’s first car seller, while General Motors ranked second followed by Volkswagen AG of Germany, which sold 9.07 million units, up 11.2 percent, according to Kyodo news agency.

Toyota’s growth was far larger as it released and sold new versions of popular models such as the Camry, while General Motors managed to sell more cars in China and the United States. However, sales in Europe dropped 8.2 percent due to the sovereign debt crisis.