Toyota has maintained its position as the world’s largest automaker for the fourth consecutive year, thanks to strong sales in key markets.
According to a report released on January 30, 2024, the Toyota Group’s sales in 2023 reached 11,233,039 vehicles, an increase of 7.2% compared to the previous year. This figure has helped the Japanese company hold the title of the world’s largest automaker for the fourth consecutive year.
The overall data of the Toyota Group includes the combined sales of its four subsidiary brands, Toyota, Lexus, Hino, and Daihatsu. Among them, the total number of vehicles sold by Toyota and Lexus is 10,307,395, a 7.2% increase compared to the previous year. Daihatsu also reported positive results with a 3.2% increase in sales to 790,441 units. The past 12 months have been challenging for Hino’s commercial vehicle segment, with sales declining by 9.8% to 135,203 units.
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The statistics also show Toyota’s strong appeal in foreign markets, with sales reaching 8.9 million vehicles, a 4.1% increase compared to the previous year. The United States remains the largest market for this brand with 2.6 million vehicles, a 7% increase.
Despite the global economic instability, sales of luxury car brands have continued to grow strongly over the past year, and Lexus is no exception. The brand has delivered 824,258 vehicles to customers, a staggering 132% increase compared to 2022. North America remains the largest market for Lexus with 355,606 vehicles (a 124% increase), followed by Asia with 236,587 vehicles (a 113% increase) and Japan with 94,647 vehicles (a 229% increase).
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The Volkswagen Group achieved the second highest global sales with 9.24 million vehicles delivered to customers. The manufacturer, which owns prestigious brands such as Audi, Porsche, and Lamborghini, reported a 12% increase in sales compared to 2022. The Hyundai Group (including Hyundai, Kia, and Genesis) ranked third with a total sales of 7.32 million vehicles (a 6.7% increase).
According to experts, the automotive industry is experiencing a recovery due to a strong increase in customer demand for cars after the Covid-19 pandemic, as well as the stabilization of global supply chains after a long period of crisis.
Thai Son (Tuoitrethudo)
Reference: Motor1
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