Back again in 2008, Toyota attained what lots of had viewed as an difficult feat: it sold a lot more autos close to the globe than American behemoth General Motors (GM). That announcement arrived officially in January 2009, and it finished seven many years of domination by the U.S. automaker.
Fast forward to 2013. Volkswagen declared its ambitious intention of taking that title absent from the Japanese big by 2018. Turns out that strategy was not ambitious adequate, as VW took top location in 2016, two several years ahead of schedule. What is a lot more, the German automotive group held its situation as the world’s top-marketing car company each and every calendar year after… right until now.
Last outcomes for the 2020 calendar year have now been tabulated, and they reveal a new winner in the international revenue sweepstakes. Toyota is the new king of the castle. Portion of the clarification for it is pandemic-connected, as lots of analysts feel Volkswagen was a lot more-severely impacted by the coronavirus than the Japanese automaker. The latter’s house current market was not hit as tough as were being Western Europe and North The united states.
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Toyota described international revenue of close to nine.five million units in 2020, which actually is down eleven.3 per cent as opposed to 2019. But Volkswagen’s revenue dropped fifteen.two per cent last calendar year, and its revenue totaled a tiny around nine.3 million autos.
With markets at this time rebounding strongly, specially in China, Toyota, Volkswagen and other automakers are performing overtime to fulfill escalating desire for electrical-powered versions. Toyota says that those people varieties of autos accounted for 23 per cent of its international revenue in 2020, up from 20 per cent the calendar year right before.
The existing calendar year ought to see the struggle rage just as fiercely in between the two automotive giants. Remain tuned.