Toyota unseats VW to become the world's top-selling automaker

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A Toyota official said the company's aggressive sales strategy, which saw it roll out a series of new models, contributed to relatively solid sales in 2020 compared with other automakers.

Toyota's global sales decline was in line with the market, dropping 10.5pc year on year.

Toyota's 2020 group gross sales, which embrace these of its subsidiaries Lexus, Daihatsu and Hino, fell 11 percent to 9.53 million items, the corporate mentioned Thursday.

Not even Toyota was spared from the economic impact brought on by the COVID-19 pandemic. China was one of the few major markets were sales actually increased for both automakers.

Meanwhile Toyota is big in the USA, where auto sales dropped 15% in 2020. At Volkswagen, sales dropped by 15.2% to 9.305 million units.

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The carmaker said that it sold 2.1 million units in the United States, its biggest market, down 11.3 per cent from the previous year.

VW has a strong footprint in the European Union, where passenger vehicle sales fell an "unprecedented" 24% to fewer than 10 million units in 2020, according to the European Automobile Manufacturers Association. Sales trended upwards as the year wrapped up, though, thanks to its products' strong performance in North America, Japan, China, and Europe.

The Renault Nissan Mitsubishi Alliance was the third biggest automaker in 2020 with deliveries of 7.8 million vehicles, down 23.2% on the year before.

VW's push to produce extra electrified autos ought to lead to a gross sales spike this 12 months, however extended lockdowns and dealership showroom closures in its home market will proceed to have an antagonistic influence, analyst Yoshiaki Kawano mentioned.

With markets now rebounding strongly, particularly in China, Toyota, Volkswagen and other automakers are working overtime to meet growing demand for electric-powered models.

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