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Toyota is yet again the global sales leader

Toyota is yet again the global sales leader

Snapshot: Toyota Motor Corporation has been crowned world leader for 4th time in a row.

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Toyota Motor Corporation, the Japanese automobile giant has managed to retain its position as the global sales leader for the fourth year in a row. Toyota sold 10.15 million vehicles in 2015, surpassing Volkswagen and General Motors to become the leader. Though, the sales declined by 0.8% from the numbers they did in 2014.

In the second position came the Volkswagen Group, despite much criticism in the Dieselgate episode. Volkswagen took the second spot with 9.9 million vehicles sold in 2015, though many were skeptical about the German manufacturer's performance given the negative publicity and ban in many countries. Which goes on to show that VW could have come first had it not been for the cheating scandal.

On the third spot came American giant General Motors who sold 9.8 million vehicles in 2015, only 0.1 million or 100,000 units less than the VW. GM saw a surge in sales in the U.S and China, which brought it so close to the VW.

As for the Toyota, it faced many problems in markets like Southeast Asia, which hampered the overall sales. While Toyota did good in the U.S, it has to suffer in many Asian markets. Sales of Toyota include the sales from its subsidiaries Daihastu and Hino. While Toyota owns a share of 51.2% in Daihastu, they are planning to buy out the rest of the shares in the near future.

According to the IHS Automotive’s estimate, approximately 90 million vehicles were sold in 2015 and the top 3 accounted for nearly one-third of the global auto market. Interestingly, the numbers are not same in India and all the three manufacturers don't enjoy the same numbers here. Toyota, VW and Chevrolet (GM India) - all three sell only around 1 lakh units each per year.

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