Having bought a file 11.2 million autos in 2023, Toyota retained its place because the world’s top-selling automaker for the fourth successive 12 months, ending nicely above second-placed Volkswagen Group, which noticed gross sales growing by 12% to 9.2 million autos. Hyundai-Kia retained third place with 7.3 million items bought, which was up 6.7% from the earlier 12 months.

The Japanese automaker’s tally, which represents the mixed gross sales for its Toyota, Lexus, Daihatsu and Hino manufacturers, eclipsed its personal earlier file of 10.7 million items set in 2019, the 12 months earlier than it overtook Volkswagen. The corporate attributed its robust efficiency to strong demand in every area in addition to the easing up of semiconductor shortages, AFP studies.

Counting solely Toyota and Lexus autos, its international quantity gross sales totalled 10.3 million items. Nonetheless, development fell at Daihatsu, and the security testing scandal and ensuing manufacturing shutdown till mid-February isn’t anticipated to enhance issues this 12 months. Gross sales at truck and bus-maker Hino additionally dropped by virtually 10%.

Whereas gross sales of its hybrid fashions elevated by 31.4% to three.4 million items final 12 months, its pure electrical efficiency is lagging behind that of the competitors. In 2023, the model bought simply 104,018 EVs, nicely beneath the 1.81 million autos bought by Tesla and 1.57 million items managed by Chinese language EV maker BYD.

Nonetheless, Toyota CEO Koji Sato has mentioned that by 2025, the corporate plans to have an electrified model for each Toyota and Lexus mannequin globally, and is aiming to promote 1.5 million EVs yearly by 2026 and to three.5 million items by 2030.

Whereas it’s undoubtedly anticipating to prime the gross sales charts once more this 12 months, the corporate will certainly must keep away from additional points such because the latest one involving its diesel engines.

Earlier this week, the automaker mentioned it was suspending shipments of 10 fashions that use engines linked with testing irregularities at affiliate agency Toyota Industries Company (TICO), which builds diesel powertrains for it. The corporate mentioned that the suspension of shipments will have an effect on about 36,500 Toyota autos produced each month.

Seeking to promote your automotive? Promote it with myTukar.