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[NEWS] Toyota sales grow 10.6% as firm retains global best-seller title

Toyota sales grow 10.6% as firm retains global best-seller title

toyota rav 4 rt static 0 2

Toyota and Lexus sold a total of 9.6 million units last year, outselling Volkswagen by around 4.8 million

Toyota sales grew by 10.6% in 2021 as the Japanese car maker retained its position as the world's best-selling brand for a second consecutive year. 

Combined with its premium brand Lexus, Toyota sold a total of 9.6 million units last year. It outsold Volkswagen, its closest competitor, by around 4.8 million. 

Toyota’s growth in sales has been attributed to its supply-chain preparation and stockpiling before the entire automotive industry was gripped by shortages of semiconductors and other electrical components. 

The firm achieved significant growth in the sales of electrified vehicles. It sold a total of 2.6 million last year, representing growth of 33.8%. 

Toyota told Autocar that the RAV4 is now its best-selling model, ahead of the Corolla, which previously held the crown. Autocar has requested specific sales numbers. 

Around 2.4 million of the Toyota vehicles sold were hybrids, an increase of 27.4% year on year, while just 14,407 were fully electric. 

The Toyota Motor Group’s overall sales reached 10.5 million when combining Toyota, Lexus and its other subsidiaries, Daihatsu and Hino. It outsold Volkswagen Group by 1.6 million units. 

The company achieved significant growth in several international markets. Asia was its largest market, with 3.1 million units sold for growth of 13.2%. 

North America was the second-best market for Toyota, with 2.6 million vehicles sold for growth of 11.3%.

The firm made history in the US in 2021, becoming the country’s best-selling manufacturer, ending General Motors’ 90-year domination of the market. 

In Europe, the Toyota Motor Group sold just over a million vehicles, representing 7.1% growth. Despite the boost in sales, Toyota has still been hit hard by the chip crisis, exacerbated by the impacts of the Covid-19 pandemic. 

“Despite the impact of the parts supply shortage that has occurred since September, due in part to the spread of Covid-19 in South-East Asia, an expansion of the electrified vehicle line-up and strong sales contributed to performance,” Toyota said. 

It has been hardest hit since September and believes it's unlikely that it will reach its production target of nine million vehicles.

Toyota will release its earnings results for the third quarter of 2021 on 9 February.

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