Toyota remains top in global vehicle sales, beats VW, GM

TOKYO (AP) -- Toyota Motor Corp. stayed at the top in global vehicle sales in 2014, taking that auto industry crown for the third year straight, but was less upbeat about this year.<br /> <br /> The Japanese automaker sold 10.23 million vehicles, beating out Volkswagen and General Motors. But it expects to sell fewer trucks and cars this year, forecasting sales will fall 1 percent year-on-year to 10.15 million vehicles, according to numbers released Wednesday.<br /> <br /> The drop is largely due to a projected 9 percent plunge in Japan sales. Japan sales had been inflated in the early part of last year ahead of a sales tax hike. Overall, the Japanese auto market is weakening because of population decline.<br /> <br /> Toyota expects overseas sales to grow 2 percent this year to more than 8 million vehicles from 7.9 million vehicles last year.<br /> <br /> Volkswagen AG of Germany sold 10.14 million vehicles in 2014, up 4 percent from the previous year. Detroit-based General Motors Co. was third at 9.92 million vehicles, a company record and 2 percent higher than its tally in 2013. GM gave its numbers earlier this month.<br /> <br /> Selling 10 million vehicles around the world in a year is a milestone for major automakers. And the race is intense as automakers increasingly compete in new markets.

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