Toyota Retakes Top-Seller Spot from GM; Both See Sales Growth

Toyota Retakes Top-Seller Spot from GM; Both See Sales GrowthOnly a year after General Motors retook the crown away from Toyota as the world’s top-selling automaker, the Japanese company has taken it back on the strength of a new Camry and a remarkable comeback.
Toyota sold 9.7 million cars and trucks worldwide in 2012, as of last count. GM sold 9.29 million.
Both companies increases sales over 2011.
GM was the top-selling carmaker for more than 70 years before losing the title to Toyota in 2008, the height of the financial crisis and the most turbulent time in the U.S. carmaker’s history.
GM retook the sales lead in 2011 when Toyota’s factories were slowed by the earthquake and tsunami in Japan. The disaster left Toyota dealers with few cars to sell. The Japanese company has since recovered.  Toyota also introduced a new version of its bestselling Camry sedan.
However, Toyota also held a dubious top spot in the category of recalls. It had more recalled vehicles than any other automaker in the U.S. in 2012, with 5.3 million recalls, according to a report in the Detroit News.
GM’s global sales rose 2.9 percent last year, the automaker announced Monday at the North American International Auto Show in Detroit. Toyota sales jumped 22 percent.
Toyota is poised to launch a new Corolla this year.

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