Skip to Content
Global News Select

Toyota Remains World's Top-Selling Carmaker — 2nd Update

By Kosaku Narioka


Toyota Motor set a new record high for group sales globally as it recovered from a pandemic-driven slump and a global chip shortage, cementing its position as the world's biggest carmaker.

The Japanese automaker said Tuesday that global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, rose 7.2% to 11.2 million vehicles last year, surpassing the previous high of 10.7 million units in 2019.

Japan, North America and Europe led the growth in sales despite a decline in China.

Also on Tuesday, Japanese rival Nissan Motor said global sales climbed 4.6% to 3.4 million vehicles in 2023.

Volkswagen, the world's second-biggest automaker, said earlier this month that it sold about 9.2 million vehicles worldwide last year, 12% more than in 2022.

Toyota said worldwide production climbed 8.6% to a record 11.5 million vehicles last year.

In December, sales increased 10% from a year earlier to 1.0 million vehicles and production rose 7.7% to 906,570 units, thanks to solid demand and an easing semiconductor shortage, Toyota said.


Write to Kosaku Narioka at


(END) Dow Jones Newswires

January 30, 2024 03:03 ET (08:03 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Market Updates

Sponsor Center