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Toyota defends its title as the automaker that has sold the most cars for the third year in a row

2023-01-30 23:48:09Biznes SHKRUAR NGA REDAKSIA VOX
Toyota defends its title as the automaker that has sold the most cars for the
Toyota

Toyota Motor Corp said on Monday it has sold 10.5 million vehicles in 2022, defending its title as the world's top-selling automaker for the third year in a row.

Global sales of the group, including truck unit Hino Motors and small car maker Daihatsu, fell 0.1%, thanks to record overseas sales of 8.6 million vehicles, which offset a 9.6% decline in the domestic market to 1.9 million. unit.

Its rival, Volkswagen Group, earlier this month recorded the lowest sales in a decade, at 8.3 million cars, due to Covid-19 restrictions in China and the war in Ukraine straining supply chains.

Despite Toyota also experiencing some chip-related supply difficulties, the Japanese automaker said strong demand in Asia and increased manufacturing capacity in Asia and North America will boost global production by 5% in 2022.

In November, Toyota revised its production forecast for the financial year ending in March from 9.2 million vehicles to 9.7 million.


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