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Posts Tagged ‘toyota global sales’

Toyota Retains Global Sales Lead for 2015

But Japanese maker expects slight slip in sales for 2016.

by on Jan.27, 2016

The new Corolla remained the world's best-selling car in 2015, setting a new record.

Toyota has kept the global sales crown firmly planted on its corporate head – at least for now.

The Japanese giant managed to deliver 10.151 million vehicles in 2015, giving it the lead for the fourth year in a row, ahead of Volkswagen AG which, in turn, narrowly nudged past General Motors. But things might get a little tougher for Toyota in 2016, President Akio Toyoda forecasting a slight decline in sales over the course of this year.

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Perhaps the biggest question is how well Volkswagen will fare as it struggles to recover from a diesel emissions scandal that has seen its sales slip around the world in recent months. The German maker is currently unable to sell the diesel models that make up a quarter of its volume in the U.S. market.


Honda Follows Toyota’s Lead Cutting Global Sales Targets

Japanese maker plans to reduce complexity to improve quality.

by on Feb.16, 2015

Honda is taking a hard look at its quality issues, due in part to the Fit begin recalled five times.

Honda, which has been reeling due to a series of recalls in the U.S., scrapped its global sales target of 6 million units by the end of 2017 as it follows the example of one of its principal Japanese rivals, Toyota, which is also scaling back sales targets.

Takanobu Ito, Honda’s chief executive, told reporters during a test drive in northern Japan that Honda will reduce the number of variations of its vehicles it manufactures. This will reduce the workload of its over-taxed engineering staff and protect the company’s reputation for quality, which has been undermined by a series of safety-related recalls of airbags made by Takata Corp., which was once one of its most trusted suppliers.

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“We want to be more efficient,” Ito said, according to the Wall Street Journal. “Even though we’re narrowing these down that doesn’t mean our business would shrink.” (more…)

Toyota Profit Beats Expectations as Maker Ups Earnings Forecast

Weak yen helps, but problems in China and home market persist.

by on Feb.04, 2015

Toyota is hoping the next-gen Tacoma will keep the good times rolling sales-wise in the U.S. in 2015.

Toyota Motor Co. delivered a 14% increase in earnings during the most recent quarter, outstripping analysts’ expectations. The maker also said it is raising its forecast for the full fiscal year, even though it cut the estimate of how many vehicles it will sell.

Toyota delivered net earnings of 600 billion yen, or $5.1 billion, between October and December – the third quarter in its fiscal year. Industry analysts surveyed by FactSet had anticipated a profit of 540 billion yen, or $4.6 billion.

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The Japanese maker – which remained the world’s best-selling automotive manufacturer in 2014 – credited several factors for the strong performance, including the lift it got from the weakening yen, as well as cost-cutting efforts. (more…)

GM Slides to 3rd as VW Nabs 2nd Spot in Global Sales

Toyota firmly in the lead.

by on Oct.16, 2014

Vehicles like the new Golf "family" have helped Volkswagen grow sales worldwide.

For three-quarters of a century the world’s best-selling carmaker, General Motors has slipped another notch down the automotive ladder, Volkswagen AG pushing past to become number two in the industry pecking order.

With the first nine months of the year behind it, the German maker sold 7.4 million passenger vehicles compared to 7.37 million for GM. Though it hasn’t reported its numbers for the first three quarters yet, Japanese giant Toyota Motor Co. is expected to maintain its hold on the industry’s number one spot.

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Industry analysts say the real race, going forward, is likely to be between Toyota and VW, the German automaker laying out an aggressive expansion program it hopes will let it become king-of-the-automotive-hill before the end of the decade.


Toyota on the Defensive

Japanese giant faces tough challenges; bets on new, updated products.

by on Aug.01, 2013

The 2014 Toyota Tundra remake will be pulling a heavy load for the Japanese maker.

For a vehicle with a payload capacity of 2,000 pounds and the ability to tow a 10,000-pound trailer, the 2014 Toyota Tundra will be expected to do some heavy lifting — and not just on the jobsite.

It’s been an unusually tough year for Toyota, both here and abroad. While the maker recently revealed it had narrowly retained its global sales lead, the gap between the Japanese giant and arch-rival General Motors markedly narrowed and while GM gained 4% for the first six months of 2013, Toyota was down 1.2%.

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It hasn’t helped to be caught up in an ongoing political dispute between China and Japan that even saw rioters burn a Toyota dealership. But the maker has also had some unexpected setbacks in what has long been its most profitable market, the U.S., where two key lines: the midsize Camry and the Prius hybrid “family” suffered unanticipated sales declines.  Meanwhile, the outgoing Toyota Tundra pickup has failed to take advantage of the revival of the U.S. truck market, the fastest-growing segment in the industry this year.


Toyota Retains Narrow Lead in Global Sales Race

But GM rapidly closing the gap.

by on Jul.26, 2013

Toyota outsold GM globally by a narrow margin during the first half of 2013 led by Camry sales.

Toyota maintained a narrow lead in the global automotive sales race for the first half of 2013, just ahead of its American archrival General Motors.

The Japanese giant said it sold 4.91 million cars, trucks and crossovers between January and June, a 1.2% decline from year-earlier levels despite the expectation of big gains forecast by Toyota chief Akio Toyoda going into 2013. The maker’s biggest challenge has been in China where it not only lags leaders like GM and Volkswagen, but also where an ongoing political dispute has hurt sales of all Japanese brands.

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Toyota nabbed the best-selling title from General Motors in 2008, the humbled U.S. maker slipping after seven decades at the top just before plunging into bankruptcy and being rescued by a $50 billion federal bailout. GM briefly regained the lead in 2011 after Toyota suffered serious production problems due to the devastating earthquake that struck Northern Japan and, subsequently, the flooding of key electronics suppliers in Thailand. (more…)

Toyota Officially Reclaims Global Sales Crown

GM slides to second, VW in third.

by on Jan.28, 2013

The success of the latest Toyota Camry helped the maker regain its global sales crown.

Toyota has officially reclaimed its global sales crown, the maker confirming it produced 9.75 million vehicles in 2012.

That was slightly ahead of a preliminary tally Toyota forecast as the year came to a close and locks it in first place ahead of General Motors, which sold 9.29 million vehicles.  Volkswagen, at 9.1 million, came in third for 2012.

Toyota’s sales were slightly lower than the company had projected earlier in the year, the shortfall reflecting the ongoing dispute between Japan and China over a chain of small, uninhabited islands both nations claim.

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In customary fashion, Toyota officials downplayed the sales results. “Rather than going after numbers, we hope to make fine products, one by one, to keep out customers satisfied. The numbers are just a result of our policy. And our policy will continue unchanged,” Toyota spokeswoman Shino Yamada told the Associated Press.


Toyota Back on Track as Global Sales Leader

Sales up 28% for first 9 months of 2012.

by on Oct.26, 2012

Toyota CEO Akio Toyoda may miss his ambitious sales goal for 2012 but still regain the global automotive sales crown.

Toyota is fast recovering from last year’s Japanese earthquake and tsunami, a disaster that left it struggling for inventory for most of 2011.

And while the maker has suffered additional setbacks this year – including a boycott in China and its largest single recall ever due to a vehicle fire hazard – it is rapidly regaining momentum, global sales up 28% for the first nine months of 2012. That puts it ahead of General Motors and could let the Japanese giant the worldwide automotive sales crown it relinquished last year.

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In all, Toyota sold 7.4 million vehicles behind January 1 and September 30. By comparison, General Motors sold just 6.95 million cars, trucks and crossovers during the same period, its own sales up a far more modest 2.5%.