TOKYO (Reuters) – Toyota Motor marketed 10.8 million vehicles in 2024, it claimed on Thursday, staying the globe’s top-selling automotive producer for a fifth straight 12 months.
The Japanese automotive producer uploaded a 3.7% lower in worldwide crew system gross sales in 2014, consisting of these of moveable automobiles and truck producer Daihatsu and automobile system Hino Motors.
The lower was primarily on account of a excessive downturn in gross sales in Japan the place the automotive producer encountered outcomes from administration issues over qualification examination therapies, particularly at Daihatsu.
Second- rated German opponent Volkswagen Group beforehand this month reported a 2.3% lower in system gross sales in 2014 to easily over 9 million vehicles, because it seems to be for to scale back costs in your house and battle a price battle in important market China.
Sales of Toyota’s parent-only vehicles, that embody these of its title and Lexus model names, dropped 1.4% from a 12 months beforehand in 2024 to 10.2 million vehicles on account of a double-digit lower in Japan.
While Toyota marketed a doc number of autos typically, many thanks partially on account of require for its hybrid vehicles within the United States, it noticed system gross sales in China lower by 6.9% amidst hefty price rivals on the planet’s main automobiles and truck market.
Of its parent-only gross sales, gasoline-electric crossbreeds comprised a doc 40.8%. Battery electrical vehicles represented 1.4%.
(Reporting by Daniel Leussink; Editing by Lincoln Feast.)
