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Posts Tagged ‘toyota global sales’

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.

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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.

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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%.

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