Toyota on top of Volkswagen & GM again as global best seller

Toyota on top of Volkswagen & GM again as global best seller of automobiles

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Toyota Motor Corp is the topper of global vehicle sales in 2014, trumping Volkswagen and General Motors again. The Japanese automaker sold 10.23 million vehicles to grab the crown. Volkswagen AG sold 10.14 million units, experiencing 4 percent increase from previous year. General Motors managed 9.92 million sales in 2014, which is 2 percent higher than previous year’s tally.

Toyota top selling automaker 2014
This is the third straight year of victory for Toyota.
This year, Toyota expects 1 percent decline in year-on-year sales, predicting 10.15 million units total in 2015. This is essentially due to projected 9 percent sales dip in Japan.

Sales in Japan had been inflated in first quarter of 2014 until a sales tax hike blew it up, causing auto market there to loose strength. But to an extent it is expected to be compensated by hike in overseas sales by 2 percent this year, crossing 8 million sales mark from 7.9 million in 2014.

Shifting focus to other markets, Toyota’s sales grew by 6 percent in the U.S, 13 percent in China and 10 percent in Brazil, compared to 2013 figures.

Apart from scoring success with Toyota Prius gas-electric hybrid in eco-friendly car segment, the carmaker is planning to continue its fame in this league by launching Mirai fuel cell car overseas in later part of 2015. The futuristic car was was delivered to the Prime Minister of Japan last week.

Via – Economic Times