Toyota Becomes World’s No 1 Automaker in 2020

01 Feb 2021

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Toyota Becomes World’s No 1 Automaker in 2020

Here is the good news for Toyota cars lovers around the world that Toyota has achieved top position to become a No 1 Automaker around the world.

According to details, the Japanese giant has defeated its German rival Volkswagen in terms of sales of the vehicles even during the sanctions and prohibitions during the COVID-19 pandemic in 2020. The auto giant regained the top position and regarded as the highest cars seller for the first time in five years.

As per an official announcement by Toyota, the company didn’t stop its corporate activities due to sever conditions and lock downs around the world during corona virus outbreak globally and continued to work with its suppliers and dealers.

According to company’s stats the year on year sale decline remained limited to just 10.5% and automaker kept domestic production functional and maintained it 3-million units. Further, the company faced a decline of global sales in 2020 of 10.5% YOY but in China, company was in lead with 10.9% Year on Year sales of the Toyota vehicles. In December 2020, global sales were up 10.3% YoY, the 4th consecutive monthly increase. The growth has been driven primarily by sales in North America, China, Europe, and Japan. During the October to December quarter, global sales were up 6.8% year-on-year, exceeding initial expectations.

Toyota sold 9.528 million vehicles in 2020 all around the world, compared to which Volkswagen saw 9.305 million vehicles sales registering a 15.2% decline. Including the sales of its subsidiaries like Hino and Daihatsu, the breakdown of which is given as under: