| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Toyota back on top worldwide

Email Newsletters

Sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Monday, Jan. 14, 2013, 5:58 p.m.

DETROIT — Toyota has once again dethroned General Motors as the world's top-selling automaker.

The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million.

Both companies experienced higher sales, but Toyota's growth was far larger as it rolled out new versions of popular models.

GM was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008. But GM retook the sales crown in 2011 when Toyota's factories were slowed by an earthquake and tsunami in Japan.

Toyota's comeback from the earthquake, and flooding in Thailand, are only part of the story, says Jeff Schuster, senior vice president of forecasting for LMC Automotive, a Detroit-area industry forecasting firm. The company has freshened its midsize sedan, the Camry, the top-selling car in the United States.

GM's global sales rose 2.9 percent last year, it announced Monday at the North American International Auto Show in Detroit. Toyota sales rose 22 percent.

GM is contending with a stronger Volkswagen. It narrowly edged out the fast-growing German company for second place in 2012. VW sold a record 9.1 million vehicles.

Volkswagen, with big sellers such as the Passat midsize sedan and Jetta compact, closed in on GM with an 11 percent sales increase across the globe.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Business Headlines

  1. North Side toymaker Digital Dream Labs starts strong in 1st holiday season
  2. Automakers feast on deals in November
  3. Overseas data, financial shares lead stocks to strong December start
  4. Express Scripts to offer alternative to $750 toxoplasmosis medication
  5. Manufacturing loses momentum as construction spending, auto sales stay strong
  6. Drug maker focused on profit for hepatitis C pill, not patients, Senate investigators say
  7. Royal Dutch Shell to close Franklin Park office in 2016
  8. Coal industry’s decline chokes Central Appalachian towns
  9. W.V. entrepreneurs offer hope as coal fades as economic engine
  10. Yahoo investors losing patience with ‘star’ CEO Marissa Mayer
  11. Cyber Monday increasingly a ‘blah-iday’ as deals rolled out earlier, longer