According to Reuters, Toyota Motor announced on Tuesday that it achieved a milestone by selling a record 11.2 million vehicles in 2023, retaining its position as the world’s leading automaker for the fourth consecutive year.
The Japanese company disclosed a 7.2 % surge in global group sales last year, encompassing sales from its truck unit Hino Motors and small-car manufacturer Daihatsu. This increase was primarily driven by a historic high in overseas sales, totaling 8.9 million vehicles.
Volkswagen Group, Toyota’s closest German competitor, reported a 12 % increase in deliveries for 2023, reaching 9.2 million cars, signaling a rebound from the pandemic-induced slowdown as supply chain challenges gradually subsided.
In 2023, Toyota’s standalone vehicle sales, which include its Toyota and Lexus brands, reached a record-breaking 10.3 million units. Approximately one-third of these sales comprised gasoline-electric hybrids, while battery electric vehicles constituted less than 1.0 % of the total.