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Toyota maintains its leadership in world automobile sales for the fourth consecutive year

  • January 30, 2024
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Japanese automobile company Toyota maintained its first place in terms of world sales volume in 2023. This was reported by NHK, as reported by Ukrinform. The company retained

Toyota maintains its leadership in world automobile sales for the fourth consecutive year

Toyota maintains its leadership in world automobile sales for the fourth consecutive year

Japanese automobile company Toyota maintained its first place in terms of world sales volume in 2023.

This was reported by NHK, as reported by Ukrinform.

The company retained this title for the fourth consecutive year.

Toyota said its group’s global sales, which include Daihatsu and Hino, reached more than 11.2 million units last year, up 7.2 percent from the previous year.

The automaker attributes the record sales to easing semiconductor shortages and steady demand in North American and European markets.

It was noted that the German Volkswagen group ranked second in terms of sales with approximately 9.2 million units.

According to Ukrinform, Toyota announced that it suspended production in four factories due to “inconsistencies” during engine tests.

Source: Ukrinform

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