Volkswagen Dislodges Toyota As World's Largest Automaker
TOKYO: Toyota Motors lost its title as the highest selling automaker in 2016 to German carmaker Volkswagen, a position the Japanese company had enjoyed since 2011, the media reported.
According to figures published on Monday by the Toyota group, which includes its subsidiaries Daihatsu Motor and Hino Motors, the company sold a total of 10.175 million units in 2016, Efe news reported.
Although the figure is 0.2 pct higher than 2015, it is lower than Volkswagen's 10.3 million units (growth of around 3.8 pct) sold in 2016 despite the German manufacturer's recent emissions scandal.
The last time Toyota was world's No. 2 annual car seller was in 2011, when Japan's northeastern part was struck by an earthquake and a tsunami, severely affecting the firm's operations and cutting significantly its supply chains.
Toyota was also trailing Volkswagen in the first half 2015. However, Volkswagen's emissions scandal in September severely affected its last quarter sales.