Don't read the news much, do you Mike?
Toyota Surpassed GM in First Quarter Sales
According to quarterly sales results announced today, Toyota became the world?s number one car company for sales for the first three months of this year. Toyota surpassed General Motors, the world leader for 76 years, for the first time.
According to Edmunds.com Senior Analyst Jesse Toprak, "This was not an unexpected turn of events, but it happened a bit earlier than forecasted because of GM?s decision to cut fleet sales. GM wasn?t making much money on those cars anyway, so the financial picture isn?t dramatically different than before. All GM sacrificed in this decision was ego, since the executives knew Toyota would become number one sooner when much of GM?s fleet sales were removed from the count."