Current Weather
The Spy FM

After Driving Past GM In 2012, Toyota Poised To Boost Sales Further In 2013

Filed by KOSU News in Business.
January 28, 2013

After seeing its sales take a hit in 2011 because production was hurt by the earthquake and tsunami that struck Japan early that year, Toyota bounced back in 2012 to retake the No. 1 spot as the world’s top automaker.

The company sold 9.75 million vehicles, to No. 2 General Motors’ 9.3 million. Volkswagen was No. 3, with 9.1 million vehicles sold.

Among the reasons Toyota is back atop the sales statistics: Strong demand “for its Prius family of hybrid cars, sedans like the Camry and SUVs such as the Lexus RX 350,” MarketWatch writes.

Now, thanks to a weaker yen that is helping make its products less expensive in the key U.S. market, Toyota is forecasting another gain in 2013 — to sales of 9.9 million. BloombergBusinessweek says some of Toyota’s good fortune will come at the expense of South Korea’s automakers, who are getting hurt by a rising South Korean won that makes their vehicles relatively more expensive.

USA Today notes that “GM had been the top-selling automaker for more than seven decades before losing the title to Toyota in 2008.”

CNNMoney adds one footnote to the Toyota-GM rivalry:

“Toyota’s sales totals were also helped by the fact that it made more than 600,000 heavy-duty trucks and buses during the year, a segment GM essentially pulled out of in 2009.”

[Copyright 2013 NPR]

Leave a Reply

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

Listen Live Now!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center