Japanese manufacturer managed to sell 11.2 million vehicles in 2023. Toyota regained the symbolic title of world number one automobile by volume in 2020.
The increase over one year was robust (+ 7.2%), while the group benefited from a surge in sales of hybrid vehicles. Even excluding its subsidiaries Daihatsu (mini-cars) and Hino (trucks and buses), Toyota and Lexus delivered more vehicles than their major German and South Korean competitors. “Regaining the trust of our customers will take time” says Toyota Chairman Akio Toyoda.