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Toyota continues to be world's top-selling automaker, third year in a row
Mint ^ | 01/30/2023 | Mega Saini

Posted on 01/30/2023 1:04:38 PM PST by SeekAndFind

Japan-based Toyota Motor Corp continues to be the world's top-selling automaker, defending its title for a third straight year. The company recently said it sold 10.5 million vehicles in 2022.

At the number 2 position is the Volkswagen Group that reported its lowest ever sales in over a decade earlier this month. The auto maker sold 8.3 million vehciles in 2022. The Ukraine war and Covid-19 lockdowns in China impacted the supply chains.

Coming back to Toyota, its global sales - including truck unit Hino Motors and small-car maker Daihatsu, inched down 0.1% as record overseas sales of 8.6 million vehicles helped offset a 9.6% dip in its home market to 1.9 million.

The company was hit by chip-related supply constraints like other rivals. But a strong demand in Asia and an increase in the production capacity and optimisation in Asia and North America helped it boost global production by 5% in 2022.

According to a report by Bloomberg, S&P Global Mobility predicts that Toyota will continue to widen its lead over Volkswagen in 2023, with 10.4 million light vehicle sales versus 7.99 million for the German carmaker. It says that the auto maker's sales are projected to recover from 2024, while Toyota is on track to top 11 million in annual light vehicle sales by the end of the decade.

โ€œ For both companies, the impact of production constraints will gradually ease," said Yoshiaki Kawano, an analyst at S&P Global Mobility. โ€œOverall, moderate recovery and growth are seen over the medium to long term."

(Excerpt) Read more at livemint.com ...


TOPICS: Books/Literature; Society; Travel
KEYWORDS: cars; japan; sales; toyota; volkswagen
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1 posted on 01/30/2023 1:04:38 PM PST by SeekAndFind
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To: SeekAndFind

Great company.


2 posted on 01/30/2023 1:09:12 PM PST by toddausauras (Trump Lake 2024....Go down swinging!)
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To: SeekAndFind

i bought a new tacoma last fall...


3 posted on 01/30/2023 1:10:18 PM PST by heavy metal (smiling improves your face value and makes people wonder what the hell you're up to... ๐Ÿ˜)
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To: SeekAndFind

Notice they are not going ALL-IN for EVs.


4 posted on 01/30/2023 1:10:29 PM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: SeekAndFind

I love my Camry!


5 posted on 01/30/2023 1:11:20 PM PST by AmericanMermaid
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To: heavy metal

RAV4 hybrid 2021 here. I have had numerous Toyotas with little to no problems and all ending up with high mileage. My Highlander had 210,000 on it when I gave it to my son.


6 posted on 01/30/2023 1:12:37 PM PST by mikelets456
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To: central_va
Notice they are not going ALL-IN for EVs.

But they are heavily into Hybrids, which is the smart way to electrify cars and trucks.

7 posted on 01/30/2023 1:13:26 PM PST by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: SeekAndFind

Probably all the pickups we left in Afghanistan for the terrorists,.


8 posted on 01/30/2023 1:14:45 PM PST by 1Old Pro
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To: central_va

Yep their CEO is only one not following the approved script.


9 posted on 01/30/2023 1:17:27 PM PST by gibsonguy
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To: SeekAndFind

I had a Toyota pick-up truck some 30 years ago. Basic truck, standard transmission. I bought it new off the lot without an A/C, as it was cheaper to have one installed afterward, which I did. Great truck. Served me well.


10 posted on 01/30/2023 1:22:35 PM PST by ought-six (Multiculturalism is national suicide, and political correctness is the cyanide capsule. )
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To: SeekAndFind

Toyota? 3rd generation circa 1997 Limited 4Runners are great vehicles. Folks up in Alaska love them for durability.


11 posted on 01/30/2023 1:24:31 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: mikelets456

i inherited my dad’s 2020 rav4 limited last august...

it only had 16,000 miles on it and was garage kept...

traded it even for the new 2022 tacoma at the local toyota dealership...


12 posted on 01/30/2023 1:25:19 PM PST by heavy metal (smiling improves your face value and makes people wonder what the hell you're up to... ๐Ÿ˜)
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To: SeekAndFind

My first car was a 1968 Toyota Corona. It was a piece of crap. It was always overheating. I guess I should have waited a few years before buying a Toyota.


13 posted on 01/30/2023 1:34:24 PM PST by forgotten man
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To: central_va
Notice they are not going ALL-IN for EVs.

Yep, that's why they will continue to be the world's top-selling automaker.

14 posted on 01/30/2023 1:35:57 PM PST by Tommy Revolts
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To: SeekAndFind

We’re an all-Toyota household now, very pleased.


15 posted on 01/30/2023 1:38:29 PM PST by pingman (It's a Clown World, and we're paying for it.)
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To: mikelets456

Subaru not bad either. Outbacks still on the road with hundreds of thousands of miles on them.


16 posted on 01/30/2023 1:41:48 PM PST by SamAdams76 (4,857,036 Truth | 87,716,542 Twitter)
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To: SeekAndFind

Do not like the new look of the Tundras so i bought one from 2019. Absolutely love my Tundra. Toyota makes damn good vehicles.


17 posted on 01/30/2023 2:23:24 PM PST by hillarys cankles
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To: dragnet2

The 3rd Gen 97 is the 4Runner. Perhaps the toughest, most durable, and strongest one ever made. Indestructable. I got one back from my nephew and it had been pretty abused. So much gunk from non detergent motor oil, couldn’t even get a reading on the dipstick. replaced the fuel pump and pulled 3300lbs camper with it all over South Carolina. Over 335,000 miles now and son is still using as a daily driver.


18 posted on 01/30/2023 2:25:03 PM PST by WalkerinSC
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To: hillarys cankles

funny thing is on some V8 models, the starter is on top of the engine under the intake manifold. Some engineers have a special place in Hell reserved according to mechanics.


19 posted on 01/30/2023 2:26:42 PM PST by WalkerinSC
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To: WalkerinSC
I've heard similar stories.

Nowadays people put some serious money into them. Just great vehicles. Not too big, not too small. Here's a clean 97 I grabbed off skynet.


20 posted on 01/30/2023 2:38:27 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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