Summary: Toyota's sales in China doubled in the first nine months of this year, outperforming Ford, GM and Volkswagen. A late arrival in China, Toyota exceeded Ford's 105.5% growth in nine months and is threatening to overtake GM as the largest foreign car seller in the country. Toyota sold 203,000 vehicles from January to September, almost meeting its 2006 target of 278,000 units three months early. The company's high sales in January were aided by the Chinese-made Camry, the top-selling car in the U.S. One factor in the Japanese automaker's success is the perception that its cars are more fuel-efficient. Toyota is expected to surpass GM in the near future as the world's largest selling automaker.
Related links: Marketwatch: Toyota's China sales soar 64% in first nine months • Why Japanese Cars Earn $2400 More Profit Each • Toyota Ups Guidance, Sets Global Production Targets • Toyota Comments on U.S. Sales Outlook, Denies Tundra Production Cut
Potentially impacted stocks and ETFs: Toyota (NYSE:TM), General Motors (NYSE:GM), Volkswagen (OTCQX:VLKAY)
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