Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

VW Overtakes GM to Be No. 2 in Global Auto Sales

By Associated Press - Jul 16, 2014 at 4:04PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

GM sales rose nearly 11% in China and 2% in North America. But the gains were offset by falling sales in Europe, South America and other international markets.

DETROIT (AP) -- Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place.

GM said Wednesday that it sold 4.92 million cars and trucks worldwide from January through June. But VW said it sold 4.97 million. Toyota won't release first-half numbers until later this month. But it was in first place at the end of the first quarter and it expects to sell 10.1 million vehicles this year.

VW sales are growing faster than GM's. The German company reported a first-half increase of 5.9%. GM's global sales rose only 1.4%.

VW passed GM despite U.S. sales being down almost 7%. It showed a 7% improvement in Europe and almost a 16% increase in the Asia-Pacific region including China, its largest single market.

GM sales rose nearly 11% in China and 2% in North America. But the gains were offset by falling sales in Europe, South America and other international markets.

GM wouldn't comment on dropping to third place in the global sales race, but said its global sales of 2.5 million last quarter were the best second quarter for the company since 2005.

Toyota finished first last year with a record 9.98 million sales. General Motors Co. finished second and VW third.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Toyota Motor Corporation Stock Quote
Toyota Motor Corporation
TM
$184.59 (1.17%) $2.13
General Motors Company Stock Quote
General Motors Company
GM
$59.84 (0.22%) $0.13
Volkswagen Aktiengesellschaft Stock Quote
Volkswagen Aktiengesellschaft
VWAGY
$28.49 (0.14%) $0.04

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
624%
 
S&P 500 Returns
140%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/06/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.