Competition to become the world top-selling carmaker is fierce. A small error can cost a dealer the coveted spot, thus producing an ever-fluctuating environment. Until recently the revelry was largely between Toyota and GM, altering based on small but significant reasons. However, now it appears that GM has retaken its sales title, once more dominating the world scene.
Selling a little over 9 million cars and vans across the world, the company’s stats have been up 7.5% from 2010. UKPA noted that this is nearly a million better than Toyota, the same company who had taken the title away from the company in 2008.
The loss was initially humiliating for GM as the company has been at the top of its field for nearly seven decades. Such a consistent and powerful performance could not however be held onto after the demise of the US car manufacturer sector and indeed economy itself. After the company filed bankruptcy protection in 2009 the government bailed it out so that it could stay afloat.
After some decisive cuts the company has seen a dramatic rise in vehicle sales. With a nearly $7.1 billion (or £4.6 billion) net income for the first three quarters of 2011 fiscal year, many analysts believe that when the final quarter details are revealed they will also show a dramatic increase. Based on this it seems like the juggernaut is finally back in motion.
Rather than having Toyota quick on its heels, GM’s competition is now coming from the German car manufacturer Volkswagen. They have been doing quite well with nearly 8.16 million sales, which is up nearly 14% from last year. Behind them is the French-Japanese union in Renault and Nissan, selling nearly 8.03 million vehicles in the last year. Rather surprisingly Toyota had dropped to fourth place with a still impressive 7.9 million vehicles sold.
Those following the news will note that Toyota’s great fall had been largely due to natural disasters. Indeed, the earthquakes earlier in 2011 completely rattled the Japanese infrastructure, creating an inhospitable business and manufacturing environment. While a great deal has been done to set the company and indeed the country on track, the process is by no means complete. Perhaps in a few more years Toyota will once more be capable of challenging the powers of GM.
An impressive feat, the company has come a long way since its bankruptcy. While analysts had always predicted a tight race between the four main competitors, GM’s place was not set in stone. Now back on top, it will be interesting to see how the company grows and if it continues to remain in this top place.