Toyota Q1 Most Vehicles Sold Worldwide image

Toyota sold most vehicles worldwide in the first quarter of the year, making up for production lost in 2011 due to the earthquake and tsunami in Asia.

The world’s largest automaker from 2008 to 2010 declared that sales of Scion, Toyota, Daihatsu and Hino rose 18% to 2.49 million in the first months of the year, passing GM with 2.28 million sales and Vilkswagen with 2.16 million sales in the same period.

“They have a new sense of competitiveness and they certainly are bringing their volume back,” said Jeff Schuster, senior vice president of forecasting for LMC Automotive in Troy, Mich. “They have some new product around the world that’s helping, with the new Camry and the Prius family.”

In 2008 Toyota became world’s largest automaker, when the US market collapsed and GM had to face bankruptcy in 2009. But last year GM returned to the first place and Volkswagen on the second, Toyota remaining on the third place because of the natural disasters in Asia which affected production.

The company officials declared that they are making progress towards profitable growth, aiming to reach strong sales with the newest models. Toyota predicted that deliveries will rise 18% to 8.7 million units in fiscal year which will end in March 31st, 2013.