For the third consecutive year, Toyota confirms its position as the world's leading car manufacturer, ahead of the German Volkswagen, thanks to careful management of the supply of semiconductors, a dynamic that continues to penalize the entire automotive sector.
The Japanese automaker sold about 10.48 million cars globally in 2022, down 0.1% from the previous year, a figure that includes its subsidiary brands Daihatsu and Hino Motors.
Production grew 5.3 percent to 10.61 million units, with increased production capacities in North America and Asia.
Although sales volumes fell for the second consecutive year, Volkswagen's slowdown was more pronounced with sales falling 7% in 2022 to 8.26 million cars,
due to the critical issues caused by logistics.
Problems perceived by Toyota itself on the domestic market, with a contraction in production of 7.7% to 2.66 million vehicles, the lowest level since 1976. In fact, unlike other countries, cars made in Japan need semiconductors more advanced for specific functions.
The data follows the automaker's announcement in recent days to promote 53-year-old Koji Sato, former branding officer and chairman of the Lexus subsidiary, to the role of chief executive officer, instead of Akio Toyota, grandson of Toyota Motors founder Kiichirō Toyoda at the helm. of the group since 2009.
Unlike other countries, in fact, cars made in Japan need more advanced semiconductors for specific functions.
The data follows the automaker's announcement in recent days to promote 53-year-old Koji Sato, former branding officer and chairman of the Lexus subsidiary, to the role of chief executive officer, instead of Akio Toyota, grandson of Toyota Motors founder Kiichirō Toyoda at the helm. of the group since 2009.
Unlike other countries, in fact, cars made in Japan need more advanced semiconductors for specific functions.
The data follows the automaker's announcement in recent days to promote 53-year-old Koji Sato, former branding officer and chairman of the Lexus subsidiary, to the role of chief executive officer, instead of Akio Toyota, grandson of Toyota Motors founder Kiichirō Toyoda at the helm. of the group since 2009.
