Toyota Returns to No. 1 Carmaker Position
Based on its freshly released 2012 production and sales figures, Toyota has retaken the title of world's largest vehicle maker. The company sold nearly 9.75 million automobiles aroud the globe last year, eclipsing General Motors' 9.29 million.
That 9.75 million represented a year-over-year increase of almost 23%. Production and sales in 2011 were negatively affected by an earthquake in Japan that disrupted the company's output.
Worldwide production saw a 26% annual rise for Toyota, to 9.9 million units. This percentage was essentially the same for output in Japan, where the company produced 4.4 million automobiles.
Sales in the company's domestic market were very brisk. They advanced by 35% to just over 2.4 million vehicles.
The article Toyota Returns to No. 1 Carmaker Position originally appeared on Fool.com.Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.