April 25, 2007

Toyota surpasses GM in first-quarter sales, says Edmunds.com

Santa Monica, California – According to quarterly sales results reported by Edmunds.com, Toyota became the world’s number-one car company in sales for the three months of this year, surpassing General Motors, the world leader for 76 years, for the first time.

“While the figures announced today represent only quarterly sales results, they may well foreshadow the inevitable: Toyota will become number one as early as this year,” says Michelle Krebs, Senior Editor of Edmunds’ AutoObserver.com. “Toyota has claimed that surpassing GM is not its goal, Toyota president Katsuaki Watanabe told reporters in December. But don’t believe for a second Toyota’s goal – or Watanabe’s goal – isn’t to surpass GM. Toyota desperately wants to be number one. Watanabe – described as sharp, very aggressive and even a bit arrogant – wants Toyota to be number one. The automaker just worries about what goes along with being number one.”

According to Jesse Toprak, Edmunds.com Senior Analyst, “This was not an unexpected turn of events, but it happened a bit earlier than forecasted because of GM’s decision to cut fleet sales. GM wasn’t making much money on those cars anyway, so the financial picture isn’t dramatically different than before.”

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