Ford Vs. Toyota: Who Sells More Cars?

Ford Vs. Toyota: Who Sells More Cars?
bernardsie / Pixabay

Ford Motor Company (NYSE:F) and Toyota Motor Corporation (NYSE:TM) (TYO:7203) are in the middle of a dispute about which company sells more cars: the Toyota Corolla or the Ford Focus. Ford said it sells more of its Ford Focus than any model by any other automaker in the world. However, Toyota refutes that claim, saying that the honor actually goes to its Corolla.

Ford Vs. Toyota: Who Sells More Cars?

CNN Money points out that perhaps the most important thing to note in this debate is that Ford Motor Company (NYSE:F) has finally figured out how to successfully sell a vehicle all over the world. That’s a major accomplishment for the company because it has been trailing behind Toyota Motor Corporation (NYSE:TM) (TYO:7203) in terms of worldwide sales.

How Warren Buffett Went From Hating To Loving Banks

Berkshire Hathaway Warren BuffettSince the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More

R.L. Polk tracks vehicle registrations in 80 different companies, and it recorded Ford Focus sales of more than 1.02 million last year. However, a spokesperson for Toyota Motor Corporation (NYSE:TM) (TYO:7203) said the company has sold 1.16 million Corollas all over the world. But there may be some issues with the numbers. R.L. Polk only covers 80 countries, but the Corolla is sold in 130 different countries. Also the Ford Focus is sold in more than 100 countries.

Some auto industry experts say Ford Motor Company (NYSE:F) has the advantage of its Focus being the same name in every country, while the Toyota Corolla is sold under more than one model name, like the Corolla Axio and the Corolla Altis.

There’s no doubt that both vehicles are outstanding members of their class, and it’s only natural for the executives of both companies to quibble about whose vehicle sold the most. But for the U.S. auto industry, the fact that Ford is catching up to Toyota in terms of global success is certainly a good thing.

No posts to display