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Toyota’s Global Vehicle Sales and Production Soar, Outperforming Volkswagen

Toyota said it had sold 5.42 million vehicles worldwide in six months, including vehicles sold under the Daihatsu and Hino brands. Compared to last year, the automaker managed to sell 5.5% more cars.

The Japanese automaker said sales growth was achieved by increasing production capacity around the world.

By comparison, Volkswagen sold just 4.37 million vehicles in the first half of 2023, up 12.8% from the same period in 2022.

Toyota Group’s worldwide production increased by 10.3% to a record 5.63 million units. Its production outside of Japan also reached a record high of 3.53 million vehicles.

The company’s sales in its native Japanese market grew by 26.9% to 1.21 million vehicles. Interestingly, sales growth in foreign markets amounted to only 0.6% due to a slight drop in demand for cars in China. It is worth noting that thanks to the electric Lexus RZ, sales of Toyota electric vehicles increased more than five times and amounted to 46,171 units during the reporting period.

New car market in Ukraine

The Ukrainian market for new cars is gradually recovering after the start of a full-scale invasion of the Russian Federation.

In June, Ukrainians purchased about 5.6 thousand new cars, which is almost twice as much as a year earlier, compared to the previous month, the number of cars sold increased by 9%.

In May, more than 5.1 thousand new passenger cars were registered in the country, which is twice as much as in May last year. Among the market leaders are compact and mid-size crossovers.

2023-07-29 04:16:23
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