Auto
Logo
 

Toyota overtakes Volkswagen to become world’s biggest car seller

AFP/Tokyo
Filed on January 28, 2021
Photo: Reuters

Toyota said it had sold 9.53 million vehicles around the world last year.

Japan’s Toyota reclaimed the title of world’s top-selling automaker in 2020, according to data released by the firm on Thursday, pushing Volkswagen into second place for the first time in five years.

Also read:

UAE car sales set to reach 2019 level in 2022-23, say industry executives

Toyota said it had sold 9.53 million vehicles around the world last year, overtaking the 9.3 million sales made by its German rival.

The Japanese giant took the lead despite a decline in global sales of more than 10 percent as the auto industry suffered the effects of the coronavirus pandemic.

“Despite the Covid-19 pandemic... Toyota was able to continue corporate activities through comprehensive implementation of various infection prevention measures, and by working together with partners including suppliers and dealers,” it said in a statement.

That was still better than the more than 15 percent drop in sales Volkswagen announced earlier this month.

Toyota said it had benefited from a jump in sales in China, which were up over 10 percent year-on-year, and a better-than-expected performance globally in the October-December quarter.

The last time Toyota held the top spot was in 2015, with VW edging it out in the following years.





ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /business/auto/fiat-halts-operations-at-some-italian-plants macro_action: article, macro_profile: , macro_adspot:
 
khaleej times - Vat in UAE -->
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery