It may be remembered that trying times were faced by Toyota last year when earthquakes which rocked Japan followed by tsunami and floods. These natural calamities took its toll on Toyota's lock, stock and barrel, but this did not dampen company their spirits. Toyota is now well on its way to capture its No.1 spot as global automobile manufacturers.
General Motors held the coveted title for over seventy years until 2008's market crash. Toyota then held global sales top position from 2008 to 2010 before these natural disasters brought them down to third place with General Motors in the lead followed by Volkswagen. Now with past safely behind then, Toyota is on a one way street to rebound after adversity. Stock and inventory in showrooms are showing positive results.
Customers are pouring in and sales are looking up. Sales in first six months of this year have reached 4.97 million worldwide. This is a huge jump from the 3.72 million sold last year. As on date, Toyota leads GM by 300,000 vehicles and VW Group by 520,000 vehicles. Beyond 2012, Toyota continues to forecast growth with projected production of 8.98 million units in 2013 and sales expected to reach over 8.95 million units.
Experts have stated that Toyota has bounced back stronger than expected. In the first half this year, Toyota has already sold more number of cars. It will be difficult for GM to overtake Toyota now.
