Three years in a row According to several data, Toyot sold vehicles the most in the world in 2022. It means that the Japanese company becomes the most sold automotive […]
According to several data, Toyot sold vehicles the most in the world in 2022. It means that the Japanese company becomes the most sold automotive manufacturer for three years in a row. In fact, the company sold about 10.48 million vehicles from January to December 2022.
On the other hand, Toyota’s rival, the Volkswagen Group, sold about 8.26 million cars for the same period of 2022. This number was decreased by about 7% compared to the last year. Both companies had been facing the same problems in 2022, which were chip shortage and high inflation rate across the globe. Thus, Toyota’s result seems more impressive.
The sales in China affected each company’s result. Toyota’s sales in China account for 20% of its total sales, but this ratio is 40% in the Volkswagen Group. It implies that the sales in China is more important for the German automotive giants than the Japanese company. In fact, Toyota increased the sales in China by 2% compared to 2021. On the contrary, the Volkswagen Group decreased the sales in China by 6%.
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