Archive for December, 2007

Auto Industry Year in Review

Published on December 31, 2007 by Quan Vo

Toyota Prius

With the new year fast approaching it’s as good a time as any to go ahead and look back on the year 2007 for the auto industry. The auto industry grew overall with the number of cars sold worldwide totaling 53 million. While GM continued to hold the lead in sales over Toyota with 9.1 million in sales there is no doubt Toyota is definitely closing in. It sold 8.5 million cars in 2007 and it’s probably only a matter of time before they become the world leader in car sales. US automakers continued to stagnate, suffering from perceptions of poor quality, or in the case of most Chrysler vehicles, very real poor quality.

Japanese automakers continued to cement their position as the producer of “green” cars, with Toyota’s Prius continuing to

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