Toyota beats Volkswagen in 2020 global car sales
Toyota Motor sold more vehicles worldwide than Volkswagen in 2020, dethroning the German rival as the world’s largest carmaker for the first time in five years despite falling sales amid the Covid-19 pandemic, results showed on Thursday.
The Toyota group, including Daihatsu Motor and Hino Motors, reported that its global group sales fell 11.3 per cent from the previous year to 9.5 million cars.
However, the Japanese manufacturer of the Prius hybrid and Lexus luxury vehicle said its sales in China jumped 10.9 per cent year on year to nearly 1.8 million cars, while it sold 2.1 million units in the United States, its biggest market, down 11.3 per cent from the previous year.
Sales in North America “have been gradually recovering since May and have been flat or up year on year since September,” Toyota said.
Toyota said its global output fell 14.1 per cent to 9.2 million cars last year as the pandemic forced the Japanese carmaker to halt vehicle production temporarily in many parts of the world.
The Volkswagen group saw its global sales plunge 15.2 per cent year on year to 9.3 million units in 2020, it said earlier this month.