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Posts Tagged ‘toyota sales’

Toyota Quarterly Earnings Top $5.4 Billion

Net income jumps 5% despite flat sales.

by on Feb.05, 2016

Toyota CEO Akio Toyoda unveils the new Lexus LC 500 at last month's Detroit Auto Show.

Toyota managed to pull together a 5% jump in net profits for the third quarter of its fiscal year, despite a tepid global economy and relatively flat sales.

The automaker announced it made 627.9 billion yen, or $5.4 billion, during the October-December period, up from 600 billion yen the year before. Quarterly sales and revenues were up a more modest 2.4%, to $62.7 billion. A weak yen played in Toyota’s favor.

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The news came two days after rival General Motors reported record earnings of $9.7 billion – for the full fiscal year. Meanwhile, he world’s second-largest automaker, Volkswagen AG, said on Friday it would delay issuing its fourth-quarter and full-year earnings as it struggles to account for the impact of its ongoing diesel emissions cheating scandal.

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Toyota Snags Two More Sales Records

Corolla again dominates global sales.

by on Jan.25, 2016

Toyota completely redesigned the Corolla in 2014, aiming to shed its plain vanilla image.

While it has yet to release its final, 2015 results, Toyota is expected to retain its crown as the world’s best-selling automaker, a lead it has held since 2012. But the Japanese automaker has two other victories it can celebrate.

The Toyota Corolla was yet again the world’s best-selling vehicle in 2015, with buyers snapping up 1,339,024 of the compact model. That’s up 4.7% for the year, with the Corolla accounting for a whopping 1.5% of the global new vehicle market. It also marks the highest sales for any single vehicle in automotive history, according to tracking service Focus2Move.

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Despite the headaches it suffered as a result of the revelation last September that it had cheated on diesel emissions tests, Volkswagen managed to nudge its way into second place with the compact Golf line delivering a hefty 8.4% jump in sales for the year, at 1,041,279 vehicles sold worldwide.

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GM Scores Third Consecutive Year of Record Global Sales

Detroit maker narrows gap with VW but still third in industry sales.

by on Jan.21, 2016

A Chevy Cruze in China, which has cemented its role as GM's largest global market.

While the increase was a modest 0.2%, General Motors nonetheless managed to eke out another global sales record in 2015, its third year in a row.

The Detroit-based maker today reported total sales came to 9.84 million, putting it just behind German rival Volkswagen AG. Toyota, which hasn’t yet reported its figures for 2015, is expected to retain the industry’s global sales crown, however.

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“GM continued to grow in 2015 as our focus on the customer and successful new vehicle launches more than offset the challenging conditions in South America and the curtailment of our presence in certain markets such as Russia,” GM President Dan Ammann said in a statement.

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VW Sales Drop Below 10 Mil in Wake of Diesel Scandal

But other problems also cut into demand.

by on Jan.08, 2016

The VW badge gracing the maker's BUDD-e concept minivan revealed this week at CES.

The diesel emission scandal is likely to hammer Volkswagen to come, the maker facing a new federal lawsuit and at least 450 civil cases filed by owners – but the impact is already being felt by an automaker that entered 2015 literally on top of the world.

VW today revealed it sold 9.93 million vehicles through its varied brand portfolio last year, a decline of 2% worldwide. Dropping below the 10 million mark comes as more than just a psychological setback. It also means the German maker will fall into second, and possibly even third, place in the global automotive sweepstakes once its rivals all tally up their numbers.

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And VW has rapidly been losing momentum, December sales slipping 5.2% worldwide and 10% in the American market – where it was sued by the U.S. Justice Department on Monday. The maker could face as much as $20 billion in fines for violating the Clean Air Act by using a so-called “defeat device” to illegally pass emissions tests.

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Toyota Set to Regain Global Sales Crown Again

VW slipping back into second place as diesel scandal takes hit.

by on Dec.29, 2015

A new Toyota Prius and the outgoing model. Toyota hopes the 2016 remake will help boost momentum for what has been the world's best-selling hybrid.

With the impact of a cheating scandal nipping at the heels of its chief rival, Toyota appears ready to win the global sales race for 2015 again, something that seemed far less likely just a few months ago.

Going into the final months of the year, Volkswagen AG was posed to nab the sales crown from the Japanese giant. But VW sales have taken a serious hit since it was revealed in mid-September that the German maker had cheated on diesel emission tests.

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Both makers are still expected to finish 2015 with total sales of more than 10 million vehicles, a barrier that seemed difficult for any manufacturer to breach just a few years ago.

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Weak Yen Equals Strong Earnings for Toyota

But Japanese giant cuts global sales outlook.

by on Nov.05, 2015

The 2016 Toyota Prius will be the first model to use the Toyota New Generation Architecture.

The world’s largest automaker delivered the industry’s biggest profit for the July to September quarter, earnings for Toyota Motor Corp. rising 13.5% to 611.7 billion yen, or $5.0 billion, despite decreased sales and increased spending.

Toyota saw global sales slip by 42,000 vehicles, to 2.48 million, during the second quarter of its fiscal year, the decline coming in Europe, Japan and other parts of Asia. Even so, it generated 7.1 trillion yen, or $58.5 billion, an 8% increase in revenues.

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TMC Managing Officer Tetsuya Otake credited, “progress in cost reduction and other profit improvement activities, in addition to favorable foreign exchange rates.” The cheap yen added about 160 billion yen, or $1.3 bilion, to Toyota’s bottom line for the quarter.

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Toyota Regains Lead as World’s Largest Automaker

Slips ahead of VW again in 3rd quarter.

by on Oct.26, 2015

Toyota took back the crown though global sales slipped by 1.5% during the first 9 months of 2015.

After sliding into second place during the first half of 2015, Toyota regained its lead as the world’s best-selling automaker in the third quarter of the year, outpacing both Volkswagen AG and General Motors.

And, in light of VW’s ongoing diesel emissions crisis, few expect to see it pose a credible threat to Toyota’s dominance again, at least not anytime soon. GM seems unlikely to pose a strong challenge either, analysts said, especially in light of weakening sales in China.

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Toyota reported sales Monday of 7.498 million vehicles for the first nine months of 2015. That was down about 1.5%, reflecting challenges in a number of markets. Nonetheless, it was enough to help the Japanese giant nudge past VW which reported sales of 7.43 million for the period.

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Global GM Sales Slip 1.3% for First 9 Months of 2015

But maker counters that sales rose in most key regions.

by on Oct.15, 2015

GM wants to build the best cars, not sell the most cars, says CEO Mary Barra.

General Motors sold 7.15 million cars, trucks and crossovers around the world during the first nine months of 2015. That was down 1.3% compared to the same period the year before.

The Detroit giant pointed to a number of problems it faced during the first three quarters, including a weakening market in China, as well as economic problems in South America. If anything, GM officials see the glass as more than half full, noting sales actually increased in four of the world’s largest markets, including the United States.

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“Our unwavering focus on the customer is paying off in our largest and most important markets as we execute one successful launch after another in the right segments,” said GM President Dan Ammann. “At the same time, we have reacted quickly to challenging macroeconomic environments in other markets and have shown the discipline to exit situations where we see no long-term path to acceptable returns.”

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Exchange Rates Drive Toyota’s Profits to a New Record

Currency shifts, cost cuts overcome sales slide.

by on Aug.04, 2015

Sales of the recently redesigned Camry helped Toyota boost sales in North America.

Toyota Motor Co. reported net profits of 646.3 billion yen, or $5.2 billion, for the April-June quarter, a 10% increase, and the maker’s third consecutive record for the quarter. But the numbers barely concealed some fundamental problems facing the Japanese giant.

Worldwide sales were down by almost 6% for the first quarter of the Japanese fiscal year, to 2.1 million, with the maker facing a number of problems across Asia. As a result, Toyota lost its global sales crown for the first half of 2015 to Germany’s Volkswagen AG.

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The sales decline was “a result of weaker sales in Japan,” and emerging markets like China and India, “despite stronger sales in North America,” said Tetsuya Otake, managing officer of Toyota, during a telephone news briefing.

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Luxury Utilities, Crossovers Push July Auto Sales to New Heights

Month finishes near 18-million-unit sales pace.

by on Aug.03, 2015

Small crossovers did well in July and so did Buick, which posted an 18% sales increase led by the Encore.

New vehicle sales remained robust as carmakers continued to post year-over-year gains in a market where the seasonally adjusted annual rate of sales, or SAAR, inched towards 18 million units.

General Motors, Chrysler, Ford, Nissan, Lexus, Audi, Subaru and Volkswagen all posted sales increases for July as the industry sales continued at their best tempo in more than a decade.

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GM posted a 6% increase, which included the best July results for the maker’s four brands combined since 2007. The month was paced by an 18% increase in Buick sales and an 8% increase in Chevrolet sales. Chevrolet’s results included a 24% increase in pickup, van and SUV sales, and the brand’s best July crossover sales ever.  (more…)