VW Keeps Global Sales Crown Over Toyota

MG

Moderator
Volkswagen AG retained the car industry’s top spot in sales as Japanese arch-rival Toyota Motor Corp.’s global deliveries failed to match those of its German competitor.

Toyota’s sales rose 2 percent to 10.6 million vehicles last year, boosted by demand outside its domestic market, the Japanese giant said Wednesday in a statement. Volkswagen reported deliveries of 10.8 million vehicles earlier this month.

Volkswagen took the sales crown from Toyota in 2016 and has kept it since, weathering a global industry slowdown better than rivals, helped by its top position in the world’s biggest market, China. Still, the Chinese market is quickly turning into a challenge, shrinking for the first time in almost three decades last year and projected to continue to sputter in 2019.

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