The Japanese automaker handily beat its closest competitor, Volkswagen AG, after posting some pretty incredible record sales results for 2023 – especially its namesake brand, Toyota, and the Lexus premium division.
Not long ago, Volkswagen AG – a multinational automotive manufacturer headquartered in Germany that comprises both passenger and commercial vehicle divisions – presented its full sales results for 2023. Between Audi, Bentley, Bugatti, Cupra, Jetta, Lamborghini, Porsche, Seat, Skoda, Volkswagen, Ducati, Volkswagen Commercial, and Traton (Navistar, MAN, Scania, and Volkswagen Truck & Bus), it managed to deliver 9.24 million vehicles last year – most of them in Europe and China.
They were up 12%, outpacing the overall market, and also "slightly" expanded their global market share. However, we refrained from any commentary because we first wanted to see what Toyota had to say about that and if the Japanese automaker could retain the crown of best-selling worldwide carmaker for the fourth time in a row. Well, now the figures from Japan are in, and the Toyota results are pretty darn spectacular – even if the overall growth is slightly smaller, at 7.2%.
Read Article