Toyota Remains Top Automaker

Toyota sold 8.42 million vehicles globally in 2010, remaining the world’s top automaker for the third year straight despite recall woes in the key North American market. General Motors also released a new tally today for its global 2010 sales, at 8.39 million vehicles, slightly fewer than Toyota’s number, but a dramatic 12 per cent rebound from 7.48 million vehicles the year before.

“General Motors is going strong, and it’s a sure sign of its re-emergence,” said Yasuaki Iwamoto, auto analyst with Okasan Securities Co. in Tokyo.

Toyota sold 8.42 million vehicles around the world last year, making it the top global automaker. (Paul Sancya/Associated Press)
Meanwhile, Toyota wasn’t showing much growth in North America – and growing slower in China than GM – partly because it lacks the U.S. automaker’s extensive model lineup such as large-size sedans, he said.

Toyota’s global sales, including truckmaker Hino Motors Ltd. and Daihatsu Motor Co., which makes small cars, rose eight per cent from 2009, driven by solid sales growth in China and other Asian nations, the Japanese manufacturer said.

Toyota Motor Corp. dethroned General Motors as the world’s No. 1 automaker in worldwide vehicle sales in 2008 – a position GM held for nearly eight decades.

Since then, General Motors, now called General Motors Co., was bailed out by the U.S. government and underwent restructuring after a brief period in bankruptcy protection.

George Hansen, a GM spokesman in Tokyo, played down the importance of Toyota’s bigger sales numbers.

“We don’t focus on who is No. 1,” he said.

Still, General Motors achieved double-digit jumps in five of its top 10 markets, including a 28.8 per cent increase in China, where it sold 2.35 million vehicles, more than it sold in the U.S.

Toyota, in contrast, sold just 846,000 vehicles in China. GM also marked a 12.4 per cent sales rise in Russia and a 10.4 per cent rise in Brazil. GM’s sales in the U.S. grew 6.3 per cent to 2.21 million vehicles.

Toyota said it was not concerned with beating GM.

“Our objective is to become No. 1 with the customers,” said Toyota spokesman Paul Nolasco.

He said company was doing its utmost to beef up quality. “We want to be their favourite car manufacturer.”

Toyota, which had thrived on the back of its reputation for quality manufacturing, has suffered a serious image problem since announcing massive recalls in 2009.

The recalls spanned more than 10 million vehicles around the world for faulty floor mats, sticky gas pedals, software glitches and other defects, but mostly in North America.

Toyota was the only major automaker to see its North American vehicle sales drop last year compared to the previous year. Other automakers staged a recovery from the global financial crisis.

Toyota’s North American sales last year totalled 1.94 million vehicles, down two per cent from 2009, with 1.76 million of that total in the U.S.

Toyota fared better in its home Japanese market, where tax breaks and government incentives for green vehicles kept its Prius gas-electric hybrid sales booming.

The Prius ranked as Japan’s top-selling car in 2010 with annual sales of 315,669 cars, hitting an all-time high for any nameplate and a 51 per cent increase from the previous year.

Toyota’s sales in Japan jumped 10 per cent last year to 2.20 million vehicles, despite a sluggish economy.

Toyota’s overall overseas sales also held up, expanding seven per cent to 6.21 million vehicles. Toyota vehicle sales jumped 19 per cent in China and 24 per cent in Asia, excluding Japan, according to Toyota.

{The Canadian Press/Matzavcom}