Japan’s Toyota earns the title of world’s top-selling automaker in 2020, pushing Volkswagen into second place for the first time in five years.
Japan’s Toyota Motor Corp. overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top promoting automaker for the first time in 5 years as the pandemic demand slump hit its German rival harder. Toyota stated on Thursday its group-wide international sales fell 11.3 percentage to 9.528 million vehicles in 2020. That compared with a 15.2 per cent drop at Volkswagen to 9.305 million vehicles.
Automakers have suffered as coronavirus lockdowns have stopped people from travelling car showrooms and pressured manufacturing plants to reduce or halt production. However, Toyota has weathered the pandemic better in part because its domestic market Japan, and the Asian region in general, had been much less affected by the outbreak than Europe and the United States. “Our attention isn’t always on what our rating maybe, but on serving our customers” a Toyota spokeswoman stated. As demand for cars rebounds, especially in China, Toyota, Volkswagen and different manufacturers are scrambling to tap growing demand for electric-powered cars. Toyota stated that the ratio of electric car it offered last year grew to 23 per cent of overall income from 20 per cent in 2019.