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General Motors is back on top as the world’s largest automaker, outselling Toyota in the first 6 months of 2011. Both GM and Volkswagen managed to surpass the Japanese automaker in sales, with March’s earthquake and tsunami blamed for severely hampering Toyota’s overall production.
GM moved 4.536 million cars in the six-month period ending June 30th, an 8.9 percent gain. Volkswagen sold 4.13 million units by comparison, while Toyota sold 3.71 million cars. Analysts claim that it will take a significant amount of time for Toyota to make up the volume lost during this year’s natural disasters.
[Source: Automotive News]
Toyota is projecting sales of 8 million units in 2012, according to parts suppliers who have been briefed by the auto maker. The projections do not include units sold by Toyota subsidiaries Daihatsu and Hino.
The last time Toyota sold such a volume was in 2007, when the company moved 8.42 million vehicles. Toyota expects sales of 7.48 million units in 2010 and 7.7 million in 2011.
Toyota also credited “emerging markets” as a source of growth, stating that traditional markets like North America and Europe will fall from comprising 67 percent of Toyota’s worldwide sales to less than 50 percent in two years.