Toyota remains the number one auto maker by volume, but the gap between it and its main rivals is closing quickly.
Just-Auto reports that Toyota sold over 7.4 million units between January and September, with the majority of the sales coming from the United States as other markets (China and Thailand) choose other offerings in lieu of a Hilux or Corolla. Pulling up just behind the leader are General Motors with 7.2 million units, and Volkswagen at just 7 million.
Aside from maintaining its lead, Toyota is set to pull in a record annual profit by the end of March 2014, whereupon an army of Hiluxes will deposit approximately $24.4 billion at their local bank branch drive-up, beating its own record back in 2008.
The cause? A weaker yen at home leading to huge profits in export markets such as the U.S. In fact, exports to America from the Land of the Rising Sun rose 9 percent compared to 2012 at this point in time.
from The Truth About Cars http://www.thetruthaboutcars.com
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