Toyota Motor Corp (NYSE:TM) Tops Automobile Sales

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By David Scouts on October 28, 2014 Automobile, Company

Toyota Motor Corp (NYSE:TM) was the world’s top selling auto-maker in the first nine months of the current year, beating stiff competition from both Volkswagen AG (OTCMKTS: VLKAY) and General Motors Company (NYSE:GM). It reported record sales of 7.615 million vehicles for the first nine months of the fiscal year, up by 3% from the previous year figures. Volkswagen AG (OTCMKTS: VLKAY) stated that it had sold 7.40 million vehicles from January to September, just edging out General Motors Company (NYSE:GM), which sold 7.372 million cars during the same time period.

Toyota Motor Corp (NYSE:TM), a Japanese automaker, topped the list for the most number of cars and trucks sold in the first 6 months of the calendar year with 5.1 million units sold. It sold 9.98 million cars the previous year and is projected to sell at least 10.2 million cars for this year, which will be a new record in the automobile industry. The Japanese automaker, which manufactures Camry Sedan, Lexus luxury models and Hybrid automobiles, is doing an excellent job despite facing difficulties in its own home market; Japan where a rise in sales tax has reduced the spending power of the common people. Toyota Motor Corp (NYSE:TM) has publicly played down the importance of this achievement, claiming their goal is to deliver good and efficient cars one by one to satisfy customer preferences.

The competition that is faced by Toyota Motor Corp (NYSE:TM) from other auto-mobile manufactures is extreme and intense. The three automakers have been on each other’s heels, contending not just in created markets, i.e., the U.S. but also in Europe and the developing markets of China and the rest of Asia.

Volkswagen AG (OTCMKTS: VLKAY), which has left General Motors Company (NYSE:GM) behind, to become the company that has second most auto-mobile sales in the first half of the calendar year; from January to June, stayed in front of the Detroit automaker despite the fact that General Motors Company (NYSE:GM) had its best third quarter worldwide sales and deals since 1980; headed by solid deals in China and North America.

General Motors Company (NYSE:GM) has been the top selling automaker for more than seven decades, before it lost the title to Toyota (NYSE:TM) in 2008. General Motors Company (NYSE:GM) retook the deals crown in 2011, when Toyota Motor Corp (NYSE:TM)’s creation was harmed by the recent natural disasters in northeastern Japan. Toyota Motor Corp (NYSE:TM) made a rebound in 2012, and kept that lead in 2013. General Motors Company (NYSE:GM) is going strong, but has had to evoke 30 million vehicle units, quite recently. Toyota Motor Corp (NYSE:TM), likewise experienced a massive review catastrophe in the U.S., and had to face spontaneous recalls, beginning in 2009. Japanese automakers, including Toyota (NYSE:TM), are likewise entangled in an unfolding worldwide recall issue; this time over defective air sacks made by Japanese supplier Takata Corp.

The competition is running fierce in the automobile industry, and it is very important to develop innovative and latest technical vehicles.