VW to pass GM as second largest automaker

VW to pass GM as second largest automaker

Volkswagen logo

Sometime last year, General Motors lost its title of the World’s Largest Automaker to Toyota. GM has had a tough time at number two, currently in the worst shape the American automaker has endured in its 100-plus years of existence. Now, to worsen matters it looks like GM will drop to number three.

According to market research company R.L. Polk, Volkswagen is projected to overtake General Motors in total sales at some point this year, assuming GM’s sales continue at their current pace, which is down by about 31% from last year. For it’s part, VW is predicting a much smaller 15% drop in global vehicle sales in 2009.

Things may start to look better for GM once the domestic U.S. market starts to recover, assuming that the automaker is able to ride out the storm with loans from the federal government. Polk’s own predictions indicate that the worldwide auto market will begin increasing again in 2010 and hit a new record by 2012.

Volkswagen logo

Sometime last year, General Motors lost its title of the World’s Largest Automaker to Toyota. GM has had a tough time at number two, currently in the worst shape the American automaker has endured in its 100-plus years of existence. Now, to worsen matters it looks like GM will drop to number three.

According to market research company R.L. Polk, Volkswagen is projected to overtake General Motors in total sales at some point this year, assuming GM’s sales continue at their current pace, which is down by about 31% from last year. For it’s part, VW is predicting a much smaller 15% drop in global vehicle sales in 2009.

Things may start to look better for GM once the domestic U.S. market starts to recover, assuming that the automaker is able to ride out the storm with loans from the federal government. Polk’s own predictions indicate that the worldwide auto market will begin increasing again in 2010 and hit a new record by 2012.

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