The race to become world leader is not only limited to automobiles, but every possible business sector. When we talk about automobiles, quite a few players have become global sales leader in almost 100 years of automotive existence. Be it Ford initially, General Motors in the last millennium, or the Japanese power-house, Toyota, which is declared global car sales leader once again in 2014.
According to Associated Press, Toyota is declared the global leader in sales for the third year in a row. The Japanese car manufacturer managed to sell a record number of cars, 10.23 million units to be precise. Toyota outnumbered the Volkswagen group from Germany, who are extremely close to Toyota in terms of sales. They managed to sell 10.14 million vehicles last year, a figure which is exactly double the number they did in 2004.
Sitting in the third spot is the one-time global leader, General Motors, who sold almost 9.92 million vehicles in 2014. General Motors registered a growth of 2% over a series of recalls, which hampered the brand image. Volkswagen group managed to record a growth of 4% against 2013, while Toyota gained handsome numbers globally. They registered a growth of 6% in U.S, 13% in China, and 10% in Brazil.
While the Indian arm of Toyota is not very large contributor to the global sales, they are aiming to perform well in the local market. Currently, Toyota Innova is the highest selling car along with Toyota Etios.