Toyota retains top position in auto sales for third year in a row - Inc News En
, author: Ermakova M.

Toyota retains top position in auto sales for third year in a row

The difference between the 2nd placed VW is widening.

Toyota Motor Group in 2022 managed to maintain the world leadership in car sales for the third year in a row. Global sales of the Japanese automaker fell 0.1% year on year to 1.048 million units last year. As the company notes, due to the shortage of semiconductors.

Second place goes to the German Volkswagen, whose production also decreased by about 7 percent to 8,262,800 units.

Due to the slowdown in global economic growth, both companies, along with other global automakers, may face the challenge of lower demand in the face of lower consumer spending.

According to S&P Global Mobility analyst Yoshiaki Kawano, growth is expected to recover in the medium and long term.

Earlier, the Euro NCAP committee for independent car crash tests named the Top 5 safest cars in 2022 in Europe.