Toyota can overtake GM in
Photo: Yuki Iwamura/AP/TT

Toyota can overtake GM in US vehicle sales

Japanese car giant Toyota is closing in on American competitor General Motors (GM) in the race to sell the most vehicles in the United States, according to a new forecast.

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For the first half of this year, Toyota is expected to report US sales of about 1.25 million vehicles, an increase of almost 1 percent.

GM, in turn, is expected to report a decline of just over 7 percent during the same period, to 1.33 million vehicles, according to a forecast by industry firm Cox Automotive, CNBC reports.

By the end of this year, Toyota could potentially overtake GM as the best-selling manufacturer in the US market, according to Charlie Chesbrough, senior economist at Cox Automotive.

He added that the trend is “worrying for General Motors.”

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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