Toyota should retain its first place in the automotive group in 2023

by time news

2023-12-28 13:11:54

The group recorded record results in November, appearing to move away from the difficulties in supplying electronic components that it has experienced in recent months.

It’s a year that promises to bode well for Toyota, despite a recent rigged test scandal at its Daihatsu subsidiary. The car manufacturer should retain its place as the world’s largest automobile group in 2023, ahead of Volkswagen. The group recorded record results in November, appearing to move away from the difficulties in supplying electronic components that it has experienced in recent months.

The automaker’s factories produced more than 920,000 Toyota and Lexus vehicles in November, an increase of 11.2% compared to 2022, report The echoes from statistics published Wednesday. Global sales also represent a record with more than 905,000 registrations in the month of November, a jump of 12% over one year.

The mark of 10 million cars sold

With these results, the group could exceed the mark of 10 million cars sold for the first time. Over the first eleven months of the year, it has already sold more than 9.3 million Toyota and Lexus vehicles. But if we add the vehicles of its subsidiaries Daihatsu and Hino, the group exceeds 10.2 million copies sold.

In the European Union, sales of Toyota and Lexus stood at 663,211 units, up 11.6% year-on-year for a market share of 6.32%. It therefore seems complicated, if not impossible, for Volkswagen to achieve first place among automobile manufacturers, in particular because of the difficulties the group is experiencing in China.

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