NEW YORK (TheStreet) -- Toyota Motor Corp. (TM) maintained its global sales lead over Volkswagen (VLKAY) in the first six months of 2014 as rising U.S. demand for SUVs paced a first half record, Bloomberg reports.
Deliveries for Toyota, including its Hino Motors (HINOY) and Daihatsu Motor Co. units, rose 3.8% to 5.1 million vehicles in the first half, the company said.
Volkswagen reported sales of about 5.07 million units, including results for its heavy truck units.
Deliveries worldwide for General Motors (GM) were up 1.4% to 4.92 million cars and trucks, as increasing sales in China and the U.S. helped to offset declines in Europe and South America.
Shares of Toyota closed yesterday at $120.58
TheStreet Ratings team rates TOYOTA MOTOR CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOYOTA MOTOR CORP (TM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."