Toyota is now officially the world's largest car manufacturer

Toyota managed to outsell GM and VW Group last year, regaining the global auto sales crown.

Toyota managed to outsell GM and VW Group last year, regaining the global auto sales crown.

They were able to increase deliveries by 23 percent to a record of 9.75M cars, including subsidiaries Hino Motors and Daihatsu. In second place came General Motors with 9.29M units followed by Volkswagen with 9.07M vehicles delivered.

Toyota and Lexus European sales saw a two percent surge to 837,969 units, while in the United States deliveries went up by 27 percent to 2.08M cars, including Scion models. Toyota was able to increase its market share in the U.S. from 12.9 percent to 14.4 percent, narrowing the gap with General Motors which now have a 17.9 percent share.

Sales in homeland Japan jumped by a significant 35 percent to 2.41M cars, while overall overseas sales went up by 19 percent to 7.33M cars. Possibly as a reaction to the ongoing territorial dispute of the Senkaku/Diaoyu islands, sales in China declined for the first time since 2002.

For this year Toyota wants to sell 9.91M cars and is counting on an increased demand in the United States and a weakening yen which will make the company more competitive against Hyundai/Kia. They are also hoping on a revival in China which will offset a projected decline in Japan.

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Automaker Toyota
Article type Industry
Tags global car leader, toyota biggest manufacturer, toyota global leader, toyota largest car maker, toyota largest manufacturer