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Toyota retains crown as world’s biggest car seller

Freedom Reporter by Freedom Reporter
January 28, 2022
in Breaking News, Business, News
0
Toyota doubles profit outlook to 1.3trn yen

Toyota

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Toyota sold 10.5 million vehicles in 2021, a 10.1-per-cent jump from its sales in 2020 that sees the Japanese carmaker pulling farther ahead of its nearest rival, Volkswagen.

Despite the supply bottlenecks for semiconductors and other pandemic repercussions, Toyota said on Friday that both global sales and production were up year-on-year.

That meant that Toyota retained its title as the world’s biggest car seller by knocking Volkswagen from the top position last year after the German car giant held the crown for five straight years.

Toyota Motor Co also includes small car specialist Daihatsu and commercial vehicle maker, Hino Motors.

Volkswagen suffered a 4.5-per-cent drop in sales to 8.88 million vehicles last year amid the chip crisis and other supplier problems. 

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.