Toyota car sales dominate GM and VW for third straight quarter

Toyota Motor Corp. continues to remain top on podium as world’s best-selling car manufacturer, upon crunching the numbers of first quarter of 2014. General Motors Co. and Volkswagen AG stay close behind in the race.

Toyota car sales dominate GM and VW for third straight quarterGlobal sales volume of Toyota Motor Corp. in Q1 2014 shows record 2.58 million units, while General Motors Co. sold 2.42 million vehicles, followed by Volkswagen AG that sold 2.40 million units globally.

As for the growth of these companies, Q1 year-on-year growth rate of Toyota Motor Corp. showed 6.3 percent. “It is the result of strong demand in home country and recuperating sales in China and Europe”, according Toyota’s statement to Reuters. Volkswagen AG showed 5.8 percent rise in sales and General Motors Co. managed a 2 percent increase from last year’s.

In the financial year ended March 2014, Toyota group sold 10.13 million vehicles worldwide, with a 4.5 percent hike from last year’s. It marked the company’s first time achievement of topping 10 million vehicles in a year. The group plans to sell 10.32 million vehicles this financial year, with a 4 percent estimated growth in global sales, even though Japanese market might hit a slowdown due to a sales tax hike imposed this month.

Toyota remains world’s best seller of automobiles since 2008, except for that one year (2011) when natural disasters upset markets of Japan and Thailand and gave its rivals General Motors and Volkswagen a lead. Not any more, says Toyota.