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Toyota is the top-selling automaker in the worldTuesday, July 30, 2013

Category:Car Enthusiast Talk

A recent report from Reuters indicated that during the first six months of 2013, Toyota sold more vehicles than any other automaker in the world. According to the report, during the first half of the year Toyota sold 4.911 million vehicles, down 1.1 percent on a year-over-year comparison, as the United States remained its top market.

The next closest automakers to sell that many vehicles were General Motors and Volkswagen. According to the data, GM sold 4.85 million cars and light trucks from January to June, up 4 percent on a year-over-year comparison, while Volkswagen sold 4.7 million vehicles, up 5.5 percent from a year before.

Toyota was also the top-selling automaker in 2012, after falling behind GM and Volkswagen in 2011, after its supply chain was devastated by natural disasters. Reuters noted that Toyota was the top automaker from 2008 to 2010.

Vehicle demand outpacing economy
Even while the No. 1 automaker in the world is from Japan, U.S. automakers are seeing considerable gains in 2013. A report from J.D. Power and LMC Automotive showed that new-vehicle retail sales reached nearly 1.13 million units in July, accounting for a 12 percent increase on a year-over-year comparison and translating a seasonally adjusted annualized rate of 13.2 million units. LMC expects this year to finish at a 15.6 million unit pace.

"The overall trend in vehicle demand has outshined economic growth, and looking forward, the improving economic fundamentals should hold demand at the current level, if not accelerate it over the next several months," said Jeff Schuster, senior vice president of forecasting at LMC Automotive. "With a strong tailwind, it is not unreasonable to think about a 16 million-unit level of demand in 2013."

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