Traverse City Record-Eagle

Business

July 17, 2013

GM global sales up 4 percent

DETROIT (AP) — General Motors’ global sales grew almost 4 percent in the first half of the year, enough to fend off Volkswagen for second place and perhaps close the gap with sales leader Toyota.

GM said Tuesday that it sold 4.85 million cars and trucks worldwide from January through June. That puts GM on pace for sales of around 9.7 million for the year.

The Detroit automaker sold 9.3 million cars and trucks last year, about 450,000 less than Toyota Motor Corp. GM may have gained some ground on its Japanese rival this year by growing faster in the U.S., the world’s second-biggest car market.

GM’s first-half U.S. sales rose by 8.7 percent to 1.4 million, while Toyota’s sales grew by 6.7 percent to 1.1 million, according to Autodata Corp. Toyota is expected to release global sales figures later this month.

Also, Toyota sales faltered in China during the first half because of a resurgence of anti-Japanese sentiment there due to a territorial spat over some tiny islands. GM’s first-half sales in China, its largest market, rose almost 11 percent to 1.57 million vehicles, the company said.

Toyota has a clear lead in its home market of Japan, the fourth-largest auto market in the world, where competition from foreign brands is limited.

At the end of the first quarter, Toyota, which sells the Toyota, Lexus and Scion brands, held a slim global sales lead of 65,000 vehicles over GM.

Toyota and GM executives often say they don’t care who wins the global sales race, and that growing profits is more important. But privately they like to win the race because it’s good for employee morale and national flag-waving.

GM was the top-selling carmaker for seven decades before losing the title to Toyota in 2008. GM retook the crown in 2011 when Toyota’s factories were slowed by an earthquake and tsunami in Japan, leaving the company with few cars to sell. Toyota has since recovered.

General Motors Co. said that its global market share rose 0.1 percentage points in the first half to 11.5 percent. GM’s international operations were the biggest contributor, growing 7 percent to just over 1.9 million vehicles. International Operations include the Asia-Pacific, Africa and Middle East regions. North America was in second-place with sales up 7.7 percent to just over 1.6 million.

1
Text Only

the BIZ
AP Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide