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Toyota has regained its position as the top global car seller after a year of setbacks.
Toyota has regained its spot as top car maker after a year of setbacks, including various recalls and a major natural disaster.
Toyota sold 9.75 million vehicles worldwide in 2012, a 23 percent sales increase that allowed it to beat out former first place seller GM, as well as German powerhouse Volkswagen. GM sold 9.29 million cars; VW sold 9.07 million, the Wall Street Journal reported.
“Toyota has fully recovered from the earthquake and natural disasters a year earlier,” said Satoshi Yuzaki, Tokyo-based general manager at Takagi Securities. “Japanese car makers, including Toyota, will continue to benefit from an extremely strong US market.”
Other Japanese car companies have also seen a big uptick this year: Nissan sold 4.94 million vehicles, up 6 percent from 2011, and Honda saw a 19 percent increase, BBC News reported.
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