Toyota’s Q1 2007 global sales topped General Motors for the first time ever, despite GM’s leading position in markets like China. It also overtook GM in terms of profitability for te past 4 years, earning US$11.8 billion for the financial year ending March 2006.
“Our goal has never been to sell the most cars in the world. We simply want to be the best in quality. After that, sales will take care of themselves,” said Paul Nolasco, a spokesperson for Toyota in the US.
Toyota intends to capture 15% of the global car market by 2010, and this latest milestone indicates a positive advancement towards that goal.
Finally, the actual figures involved: GM sold 2.26 million cars during the Q1 2007 period, while Toyota topped that figure by 88,000 units (how auspicious), selling 2.348 million cars. GM still has a chance to overtake Toyota to get the number 1 position for the financial year though, as Asian sales had a 32% growth over the previous year period, plus it is entering the Indian market soon with a local plant.
After dabbling for years in the IT industry, Paul Tan initially began this site as a general blog covering various topics of personal interest. With an increasing number of readers paying rapt attention to the motoring stories, one thing led to another and the rest, as they say, is history. An avid electronic gadget aficionado as well as big-time coffee lover, he's also the executive producer of the Driven motoring TV programme.
The "battle of the world class players", that the effect of globalisation!
Way to go, Toyota!
At last Toyota taken it.. Well is matter of time Toyota take the world now…
"We simply want to be the best in quality. After that, sales will take care of themselves.†— a true business philosophy tat alots of car makers should feel shame of themself n learn frm Toyota.
u can say about that bette splendens! the camry now out took the perdana for the highest sale!
GM sales driven by what model actually?
The rise of the rising sun indeed. Hopefully they will maintain their standard and don't let success go up to their heads.
If not mistaken GM sales include Chervolet, Daewoo, Pontiacs, Vauxhall, Opel, Isuzu, Suzuki & Holdens. That's a whole lot of brands versus Toyota, Lexus, Daihatsu & Scion. (Erm does Perodua count as well?)