Toyota is the leader in both production and global car sales – Photo: Drive
Toyota could be the first brand to produce more than 10 million vehicles per year globally. according to page Nikkei Asia, The brand (excluding the two sub-brands Hino or Daihatsu) is on track to produce 10.2 million vehicles in 2023, making it the first name in the car industry to achieve 8-digit production.
Earlier this year, Toyota predicted it would produce 9.5 – 10.6 million vehicles over the next 12 months, meaning the record was in line with expectations. The Japanese newspaper said Toyota has urged its suppliers to ramp up production at the end of the year in a bid to break the record.
If sub-brands such as Daihatsu or Hino are included, Toyota has achieved a global production of 10 million vehicles/year from 2013 to the present. However, if only Toyota and Lexus are counted, they peaked at just over 9 million vehicles in 2019.
Toyota’s success comes from its diverse lineup, they not only have a global lineup but also a regional lineup that suits the tastes of the users there – Photo: Toyota
In line with the impressive output, Toyota sales globally have remained stable or increased slightly over the years despite several ups and downs. It is expected that 2023 will be the year Toyota continues to dominate global sales, in the context that its main rival, Volkswagen, is still focused on electrifying its products and phasing out its older lineup.
From 2021 till now, Toyota has remained at number 1 position in the world in terms of sales. He is expected to continue in this position for a few more years. However, if Toyota’s car electrification rate remains as slow as it is now, they will definitely lag behind rival Volkswagen.
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