General Motors is now ranked number 2, and the number one carmaker is located in Japan. This came after General Motors fell by 11 percent. This is the year that General Motors celebrated its 100th year in the business. This does not mean that Toyota has no problems, sales for the company fell too and it just happens that the problems besetting General Motors are more critical. In a statement, General Motors said that it sold 8.35 million vehicles for 2008 and this figure is 620,000 fewer than Toyota’s 8.97 million. Sales of GM fell 11 percent and sales of Toyota declined 4 percent. General Motors had been the largest carmaker in the planet since it overtook Ford in 1931.