Toyota and its subsidiaries sold nearly 10.5 million vehicles in 2022.
TOKYO: Japan’s Toyota was the world’s top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.
Despite the chip shortage and Covid-related supply chain disruption, Toyota and its subsidiaries sold nearly 10.5 million vehicles last year, around the same as in 2021.
In comparison, Volkswagen Group — which held the top spot until 2020 when it was overtaken by Toyota — sold 8.3 million units last year, an annual drop of seven percent.
“Despite the impact of production constraints caused by the spread of Covid-19, increased demand for semiconductors, and other factors, global sales were at the…
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