P&A Providers & Administrators
MenuMENU
SearchSEARCH

Toyota Stays Ahead of GM as World’s Largest Automaker

January 24, 2011
3 min to read



Toyota Motor Corp. was the world’s largest automaker for a third year in 2010 as a recovery in global vehicle demand outweighed a decline in U.S. sales.


Toyota’s sales, including its luxury Lexus marque and deliveries from affiliates Daihatsu Motor Co. and Hino Motors Ltd., rose 8 percent to 8.42 million units in 2010, the automaker said in a statement today. General Motors Co., the second-ranked car company, said in a separate statement that worldwide deliveries gained 12 percent to 8.39 million, Bloomberg reported.

Ad Loading...


Toyota’s U.S. sales slowed 0.4 percent to 1.76 million units last year after the company struggled to recover its reputation following record recalls for defects related to unintended acceleration. While its China sales jumped 19 percent, they trailed GM’s 29 percent surge in the world’s largest market.


“Toyota’s sales in Asia are growing, but in China it’s clearly lagging behind GM and other market leaders,” said Satoru Takada, a Tokyo-based analyst at TIW Inc. “In the U.S., with the recalls, a lack of splashy new models and the top-selling Camry at the end of its cycle, the result is not surprising.”


Toyota shares gained 1.3 percent to close at 3,415 yen in Tokyo. The stock has gained 6.1 percent in 2011.


Volkswagen, GM


Volkswagen AG, the world’s third biggest carmaker, sold 7.14 million vehicles in 2010, an increase of 14 percent, and forecast growth of 5 percent in 2011, sales chief Christian Klingler said on Jan. 10.

Ad Loading...


Toyota said on Dec. 21 that it expects to sell about 8.6 million vehicles this year. GM’s statement today didn’t include a 2011 forecast.


The U.S. automaker named Dan Akerson, a former managing director of the Carlyle Group, chief executive officer on Sept. 1 and chairman in December. The company, which went bankrupt in 2009, returned to public trading on Nov. 18 following an initial public offering of common and preferred shares that raised more than $20 billion.


U.S. sales at Detroit-based GM rose 6.3 percent to 2.22 million units in 2010, the company said today.


“We have to position the company and our products with the customer first,” Mark Reuss, president of GM North America, said today in response to reporters’ questions about whether the company had a goal of surpassing Toyota’s sales. “The rest of that is just an outcome.”


Reuss spoke at an event in Flint, Michigan, where GM is adding a third shift and 750 jobs to boost pickup production.

Ad Loading...


Toyota sales, excluding its Hino and Daihatsu units, increased 8 percent to 7.53 million units last year.


Sales at Daihatsu, a minicar unit 51 percent owned by Toyota, gained 4 percent to 783,000 vehicles in 2010, while truckmaker Hino gained 35 percent to 107,000 units, Toyota said.


More Industry

Orange electric vehicle charging station.
Industry•by Lauren Lawrence•October 20, 2026

Charger Network Growth Slows

Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.

Read More →
Fan of $100 bills atop a white envelope
Industry•by Hannah Mitchell•October 13, 2026

Lenders, Consumers Take on More Auto Loan Risk

September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.

Read More →
Red type R Honda civic parked on road.
Industry•by Lauren Lawrence•October 13, 2026

Next-Gen Hybrids in Sight

Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.

Read More →
Ad Loading...
Dodge ram emblem on orange vehicle exterior
Industry•by Hannah Mitchell•October 6, 2026

Gem State Stores Change Hands

A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.

Read More →
Graphic of model car driving on fake road.
Industry•by Lauren Lawrence•October 6, 2026

Charging In Motion

Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.

Read More →
front grill of a Ford truck with blue Ford emblem
Industry•by Lauren Lawrence•September 30, 2026

Twin Cities Stores Sell

Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.

Read More →
Ad Loading...
Diesel engine on a production line in a factory
Industry•by Hannah Mitchell•September 29, 2026

U.S. Auto Sales Still Below Prepandemic Levels

Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.

Read More →
Front of red tesla car.
Industry•by Lauren Lawrence•September 22, 2026

The Powertrain Shift

Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.

Read More →
White BMW SUV driving on road.
Industry•by Hannah Mitchell•September 15, 2026

Achromatic Autos

The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.

Read More →
Ad Loading...
Line of eclipse SUVs in parking lot.
Industry•by Lauren Lawrence•September 15, 2026

Used-Vehicle Affordability Worsens

Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.

Read More →