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VW Keeps Global Sales Crown Over Toyota

Discussion in 'Toyota Passenger and Sports Car' started by MG, Feb 1, 2019.

  1. MG

    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.

    While global scale is critical for... READ MORE HERE
     

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