Toyota Takes Top Earner in Second Quarter

ToyotaWith the quarterly profits now in for the auto industry, Toyota can claim bragging rights for the top quarterly profits as well as the world’s largest automaker.

Currently, Toyota is predicting that their full-year global production will be over 10 million vehicles after earning $5.5 billion during the second quarter. This was a 94 percent increase in profit compared to the second quarter in 2012.

North America, Oceania, Africa, and Central and Southern America all had increases in Toyota sales. In North America, sales increased 26,309 units, and Oceania, Africa, and Central and Southern America’s sales increased 28,106 units. The only regions where Toyota did not perform well were in Europe where sales decreased by 16,336 units and in Asia where sales decreased by 23,890 units.

According to Autoblog, the sales jump can be attributed to the popularity of the Camry which officially sold its ten-millionth vehicle last month.

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