Japanese company Toyota is still the world’s top-selling automaker for the second straight year, beating American brand General Motors and German car maker Volkswagen. They are also setting a target of 10 million cars sold in 2014, and if they are successful, they will become the first automaker to do so.
With sales of 9.98 million cars worldwide, Toyota continues its amazing comeback from the recession of 2008, the massive recall in the U.S market in 2009 and the after effects of the 2011 earthquake and tsunami. The figures are up 2 percent from 2012, making it the second straight year that they are the top brand, beating erstwhile rivals GM, which sold 9.71 million cars and trucks, and Volkswagen which sold 9.5 million. Toyota, makers of the Camry sedan, Prius hybrid and Lexus luxury models, is set to produce 10.43 million vehicles this year, targeting 10.32 million units sold.
While domestic sales have fallen flat last year, it was the overseas markets that boosted the numbers for the Japanese giant. U.S. sales were at 2.24 million, which is 7% up from 2012. Even the Chinese market, which was previously problematic due to political and diplomatic issues, had a 9% increase in sales with 917,000 vehicles sold. While they are low-key about bragging the No. 1 title, they are also optimistic about 2014, expecting significant growth in both the U.S (3%) and Chinese (20%) markets.
[ via The Republic ]
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