Toyota outsells GM, VW, remains world's No 1 automaker with record sales
24 Jan 2014
Toyota Motor Corp sold 9.98 million vehicles globally last year, outpacing its rivals General Motors (GM) and Volkswagen AG (VW) to retain the title as the world's top-selling automaker.
With depreciation of the yen giving it an edge over its American and German rivals, the Toyota City-based carmaker yesterday said that sales rose 2 per cent last year to 9.98 million vehicles, including those of subsidiaries Hino Motors Ltd and Daihatsu Motor Co.
Sales For GM were 9.71 million vehicles up 4 percent year-on-year, while Volkswagen sold 9.5 million vehicles, up by around 5 per cent.
Toyota's robust sales were due to the improved business conditions as the yen extended its depreciation against all major currencies, bolstering the carmaker's earnings prospects and raising its market value by more than $50 billion last year alone.
The Japanese maker of the Prius hybrid and Camry sedan reclaimed its crown as world's top automaker in 2012, after losing it to GM in 2011 following the tsunami and earthquake disasters in northeastern Japan that damaged facilities of its parts suppliers.
GM held the title as world's biggest automaker for seven decades before losing it to Toyota in 2008.
Toyota said that it expects to sell 10.43 million vehicles this year, which would become a record since no carmaker has had annual worldwide sales of 10 million.
2013 Sales
Unit = one vehicle; all figures rounded; ( ) percentage change from previous year's result
| | Toyota | Daihatsu | Hino | Total |
| Japanese sales*1 | 1,584,000 (-6%) | 663,000 (-2%) | 48,000 (14%) | 2,295,000 (-5%) |
| Overseas sales | 7,363,000 (5%) | 207,000 (4%) | 114,000 (2%) | 7,685,000 (5%) |
| Worldwide sales | 8,948,000 (3%) | 870,000 (-1%) | 162,000 (5%) | 9,980,000 (2%) |
| *1Includes overseas production | ||||
