Toyota bought extra vehicles final yr than another automaker, figures launched by the corporate on Tuesday confirmed.
Toyota beat German rival Volkswagen into second place, promoting a complete of 11.2 million autos to clients all over the world during the last 12 months, marking a 7.2% improve over the earlier yr. It sees Toyota holding the highest spot for the fourth straight yr and setting a brand new annual document for auto gross sales amongst all carmakers.
Volkswagen just lately reported 9.2 million gross sales, marking a year-on-year rise of 12%. South Korea’s Hyundai-Kia took third spot with 7.3 million gross sales, up 6.7%.
The overwhelming majority of Japanese firm’s gross sales have been of autos carrying the Toyota or Lexus badge, with the remainder coming from Toyota subsidiaries Daihatsu and Hino Motors. Toyota’s largest market was the U.S. with 2.6 million gross sales, marking a 7% improve on a yr earlier.
Hybrids made up a couple of third of the Japanese automaker’s complete, whereas totally electrical automotive gross sales — a sector Toyota has been sluggish transferring towards however is now investing closely in — accounted for lower than 1% of its gross sales.
It hasn’t all been clean crusing for the Japanese automotive behemoth, nevertheless, because it’s just lately been grappling with plenty of scandals.
Initially of this week it introduced that it was pausing shipments of a number of fashions, together with the Hilux truck and Land Cruiser 300 SUV, after irregularities have been uncovered in assessments for diesel engines developed by provider Toyota Industries, Reuters reported. Lengthy-running security take a look at wrongdoings additionally got here to gentle at Daihatsu towards the tip of final yr, whereas in 2022 Hino Motors was additionally discovered to have falsified emissions knowledge.
Eager to restrict injury to the model, Toyota chairman Akio Toyoda, great-grandson of the automaker’s founder, advised reporters at a gathering on Tuesday: “I want to categorical my deepest apologies to our clients and stakeholders for the inconvenience and concern attributable to the successive irregularities at Hino Motors, Daihatsu, and Toyota Industries,” including that he would “lead the group’s reform.”