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Auto sales: Toyota dethroned Volkswagen in 2020

2021-01-28T07:40:37.609Z


Toyota has sold 9.53 million vehicles of all brands, while Volkswagen has sold 9.3 million. The Japanese giant Toyota took last year from the German Volkswagen the first place in the global automotive market by volume, by selling about 9.53 million vehicles of all brands of the group, according to figures released Thursday. Read also: Between Angela Merkel and the German automobile, the honeymoon broke This is the first time since 2015 that Toyota has returned to the top of this rankin


The Japanese giant Toyota took last year from the German Volkswagen the first place in the global automotive market by volume, by selling about 9.53 million vehicles of all brands of the group, according to figures released Thursday.

Read also: Between Angela Merkel and the German automobile, the honeymoon broke

This is the first time since 2015 that Toyota has returned to the top of this ranking.

The Volkswagen Group sold 9.3 million vehicles (-15.2%) last year, according to figures released earlier this month.

Pandemic requires, Toyota's volume sales weakened significantly last year (-11.3% over one year), but in smaller proportions than those of its great rival.

"

Despite the Covid-19 pandemic (...), Toyota has been able to continue its activities by implementing comprehensive prevention measures against infections and by working with its partners, including its suppliers and dealers

", commented the group in its press release.

Read also: Brexit: Toyota penalized by the closure of the Franco-English border

While the Volkswagen group depends more heavily on the European market, which has been severely affected by the health crisis, the Japanese group has notably benefited from a solid increase in its sales in China (+ 10.9% last year for its Toyota and Lexus).

Volkswagen has also embarked on a strategic shift since 2018, placing more emphasis on its profitability - lower than that of Toyota - rather than on volumes.

Source: lefigaro

All business articles on 2021-01-28

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