Toyota retains top spot in global auto sales in Q1
Print Edition
TOYOTA kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
Toyota Motor Corp said yesterday that it sold a record 2.583 million vehicles in the January-March period, putting the Japanese automaker ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million.
Toyota’s first-quarter sales rose by more than 6 percent from the same period the previous year. GM’s sales grew 2 percent, while Volkswagen’s added nearly 6 percent.
Toyota finished first last year with a record 9.98 million vehicles in sales, remaining the top-selling automaker for a second year in a row. GM finished second, and Volkswagen third.
Toyota is targeting sales of more than 10 million vehicles this year. No automaker has sold that many in a year.
But clinching the top-selling automaker crown is not taken lightly as competition is intense among all the world’s automakers.
Toyota underwent a massive recall debacle in the US, announcing recall after recall starting in 2009.
It paid US$1.2 billion earlier this year to settle a US Justice Department probe into charges of covering up problems that caused unintended acceleration in some cars.
GM’s image has also taken a hit after a February recall of 2.6 million vehicles for defective ignition switches, a defect the company tied to 13 deaths.
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