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Tags: GM, Toyota, Sales, Market

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Toyota in tight race for No. 1
Japanese automaker's global sales rise 6%, setting up a fierce fight with Detroit's GM for industry's top spot.

TOKYO (AP) -- Toyota said Thursday that its global group sales rose 6 percent last year to 9.37 million vehicles, making for a tight race against General Motors, the world's biggest automaker.

GM (GM, Fortune 500) has not released its annual sales tally but earlier estimated 2007 sales would come to 9.3 million vehicles.

Toyota (TMC) has marked booming sales lately on the popularity of models reputed for good mileage, such as the Camry sedan and the Prius gas-electric hybrid, at a time when soaring gas prices have dramatically boosted their appeal.

Detroit-based General Motors Corp. has been fiercely fighting back, boosting its overseas business and could still keep the top industry spot, which it has held for 76 years.

But many analysts say its just a matter of time before Toyota beats GM to become the biggest automaker in global sales.

Toyota Motor Corp.'s group companies sold 7.1 million vehicles overseas last year, a 10 percent jump from the previous year, offsetting a 4 percent decline in sales in Japan at 2.26 million vehicles, the Japanese automaker said in a statement.

Toyota has long beaten GM in profitability, enriching its coffers with solid sales in recent years at a time when GM has been struggling, shuttering plants and slashing jobs.
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toolatetoracetoolatetorace - 1/10/2008 11:37:32 PM
-2 BoostDrop the Boost Up the Boost
Let the flaming begin . I'll kick it off by saying Toyota wants to be the biggest and not necessarily the best

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pushrod27pushrod27 - 1/11/2008 1:35:07 PM
+2 BoostDrop the Boost Up the Boost
GMs been doing that for years now (being the biggest but not the best.) It's Toyota's (largely successful) strive to be the best that has put them in position to be the biggest. That said, 76 years is a hell of run for GM. Gotta respect that.


AMGC55AMGC55 - 1/11/2008 2:08:25 AM
+1 BoostDrop the Boost Up the Boost
what evs im neutral here

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JUGNUJUGNU - 1/11/2008 4:15:35 AMView My AgentSpace
+2 BoostDrop the Boost Up the Boost
Toyota wants to be everything. and they succeeded. Today they offer atleast a car in every category and all sells well. Commercial vehicles, trucks, SUVs, Crossovers, chepa kei cars, hatches, Sedans, Coupes, Luxury cars, Sports car soon a Supercar wth LF-A...etc

JUGNU

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r15mohdr15mohd - 1/11/2008 8:27:22 AM
+1 BoostDrop the Boost Up the Boost
maybe that's why their sales are so low... :/ ???

if they made POS vehicles, then they wouldn't be on the verge of overtaking GM. broaden your perspective and realize that toyota has been making vehicles that are proven to fulfill the needs of consumers for many years now. Every year bettering the last, 2007 being no different, and 2008 looking even better.



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pushrod27pushrod27 - 1/11/2008 1:36:58 PM
+1 BoostDrop the Boost Up the Boost
Do you work for Toyota? Do you get some actual financial compensation for their success and your internet gloating? Or are you just a sack hugger? Get a life.

Chump.

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toolatetoracetoolatetorace - 1/11/2008 9:55:04 AM
-1 BoostDrop the Boost Up the Boost
Not too suprising is the GM took over the top pick in full sized truck over Toyota in Consumer Reports . Just goes to show that their fight for supremacy in the truck market is failing

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RealitySmackRealitySmack - 1/11/2008 12:05:29 PM
+2 BoostDrop the Boost Up the Boost
I don't think you know what the term "Hillbillies" is! If you did, than you wouldn't make that stupid comment. So, I won't waste anytime saying anything more.

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