Move Over VW, Toyota Is The World’s Best-Selling Automaker Again
Toyota Powers Past Volkswagen to Become World’s Best-Selling Carmaker.
Japanese group Toyota sold 9.53 million vehicles in 2020, just ahead of its German competitor Volkswagen.
Toyota is once again number one in the automobile industry. After the first place won in 2019 by the Volkswagen group, the Japanese manufacturer takes back its title that it had not obtained since 2015, with 9.53 million vehicles sold last year.
The Volkswagen group, and its galaxy of brands (VW, Audi, Porsche, Seat, Skoda …), is thus ahead of a short lead, with 9.31 million vehicles sold in 2020.
Toyota resists better
The health crisis, with repercussions at the global level, has logically had important consequences on car manufacturers. Toyota thus saw its sales fall by 11.3%, and Volkswagen by 15.2%. Figures which correspond to the fall of the world automobile market, estimated at -14% by the firm IHS Markit, pending final figures.
Volkswagen in particular paid for its greater dependence on the European market, while Toyota, despite the context, saw its sales increase by 10.9% in China last year.
IHS Markit forecasts point to a significant recovery in the market this year, with Toyota and Volkswagen expected to return above 10 million vehicles produced. The Japanese group should even reach 11 million units assembled in 2023, then leaving Volkswagen behind in this race for volumes.