GM displaces by Toyota as world's top auto seller

SME News, Tuesday, Jan 15, 2013 14:33:17 PM IST

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DETROIT: General Motors (GM) has been displaced by Toyota as the world's top-selling automaker. Both the firms saw high sales. While the Japanese automaker sold 9.7 million cars and trucks worldwide in the last year and it's still counting. GM sold over 9.29 million.

However, the Japanese automaker witnessed higher growth as it launched many of its new versions of popular models, such as the Camry. GM executives have projected sales growth in this year, especially in the U.S.

For over seven decades GM was the top-selling carmaker. However it lost the title to Toyota in the year 2008. GM retook the sales crown in 2011 when Toyota's factories was facing major slowdown due to an earthquake and tsunami in Japan. Although the disaster affected Toyota dealers gravely, the company saw a firming recovery.

The GM announced at the North American International Auto Show in Detroit that it witnessed a rise of 2.9 per cent in its global sales during the last year. Toyota's global sales rose up to 22 per cent.

Jeff Schuster, senior vice president of forecasting for LMC Automotive, an industry forecasting firm stated that it expects Toyota to keep the lead over GM this year as it launches a new Corolla.

He said, "I think that's going to be enough to keep them in their position.''

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