is reporting global sales of 2.1 million units for the third quarter, which is down 11% from the same period last year. Through September of this year, GM
has sold 6.7 million cars and trucks worldwide, putting the automaker further behind Toyota
, which has sold 7.05 million units so far this year. The struggling U.S. market is a big part of GM's sales woes, as 61% of the Detroit automaker's sales came from outside of its home market. That's up from 56% last year, but down from the 65% figure for the second quarter of 2008. VP of sales and marketing Jonathan Browning points out challenges in the global financial markets as a big problem for GM, but also mentioned that strong sales in emerging markets is helping to ease the sales burden.
Since GM has a serious cash crunch and merger talks on its hands right now, it likely doesn't care much about a global sales race with Toyota. That doesn't make Toyota's accomplishment any less significant, though, considering how long the General has been on top of the global sales charts.
[Source: The Detroit News