Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales
Japan’s Toyota Motor Corp overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder.
Toyota said that its group-wide global sales fell 11.3 per cent to 9.528 million vehicles in 2020. That compared with a 15.2pc drop at Volkswagen to 9.305m vehicles.
Automakers have suffered as coronavirus lockdowns have stopped people from visiting car showrooms and forced manufacturing plants to reduce or halt production.
Toyota, however, has weathered the pandemic better in part because its home market Japan, and the Asian region in general, have been less affected by the outbreak than Europe and the United States.
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