Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Toyota edges out Volkswagen in global auto sales

by French Press Agency - AFP

TOKYO Jan 28, 2021 - 12:18 pm GMT+3
Toyota Motor logo is seen on a vehicle displayed at the carmaker's headquarters in Tokyo, Japan, Feb. 10, 2021. (EPA Photo)
Toyota Motor logo is seen on a vehicle displayed at the carmaker's headquarters in Tokyo, Japan, Feb. 10, 2021. (EPA Photo)
by French Press Agency - AFP Jan 28, 2021 12:18 pm
RECOMMENDED
Cars are seen on a road amid dense traffic on the D-100 Highway in Istanbul, Türkiye, Jan. 4, 2021. (AA Photo)

Türkiye probes automobile market over stockpiling, price hikes

automotive-sector

Volkswagen loses its top place as the world’s top-selling auto car brand for the first time in five years to Japanese automaker Toyota in 2020, according to data released by the firm Thursday.

Toyota said it had sold 9.53 million vehicles around the world last year, overtaking the 9.3 million sales made by its German rival.

The Japanese giant took the lead despite a decline in global sales of more than 10% as the auto industry suffered the effects of the coronavirus pandemic. The European sales, in particular, suffered the worst plunge ever during the pandemic as new car registrations sank by 23.7%, or 3 million vehicles, to 9.9 million units, according to new figures released earlier this month by the European Automobile Manufacturers Association. Turkey was the only country with car sales in positive territory.

"Despite the Covid-19 pandemic... Toyota was able to continue corporate activities through comprehensive implementation of various infection prevention measures, and by working together with partners including suppliers and dealers," it said in a statement.

That was still better than the more than 15% drop in sales Volkswagen announced earlier this month.

Infographic by Daily Sabah.
Infographic by Daily Sabah.

Toyota said it had benefited from a jump in sales in China, which were up over 10% year-on-year, and a better-than-expected performance globally in the October-December quarter.

The last time Toyota held the top spot was in 2015, with VW edging it out in the following years.

"Toyota's recent strategy of pursuing quality over quantity has... satisfied consumers," especially in North America and China, Koichi Sugimoto, an auto analyst at Mitsubishi UFJ Morgan Stanley Securities, told Agence France-Presse (AFP).

"Improved ties with the Chinese government, partly thanks to China's interest in Toyota's green tech as well as brand-building in the Chinese market by Japanese carmakers in general, also contributed" to sales growth, Sugimoto said.

RECOMMENDED
Cars are seen on a road amid dense traffic on the D-100 Highway in Istanbul, Türkiye, Jan. 4, 2021. (AA Photo)

Türkiye probes automobile market over stockpiling, price hikes

automotive-sector
  • shortlink copied
  • Last Update: Feb 10, 2021 12:45 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    toyota volkswagen auto sales automotive market
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Gulf Cooperation Council (GCC) states’ early diplomatic maneuvering occurred in the broader context of the nations’ strategic interests and should not be confused with unequivocal support for Russia. (Shutterstock Photo)

    Gulf states changing the face of Ukraine war

    gulf-states
    Leader of the far-right Danish political party Stram Kurs, Rasmus Paludan, stands outside the Turkish embassy in Stockholm, Sweden, Saturday, Jan. 21, 2023. (AP Photo)

    Far-right politician Paludan to burn Quran in Denmark

    ISLAMOPHOBIA

    7 killed in armed attack on synagogue in East Jerusalem

    ISRAEL

    US tells Türkiye, Sweden, Finland to solve issues among themselves

    TÜRKIYE-US-RELATIONS
    No Image
    A rare peek into the La Palma volcano
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021