Toyota Sold 10.8m Vehicles claims the distinction of the world’s best-selling automaker in 2024, with 10.8 million vehicles sold worldwide. Toyota now leads the global auto sector for the fifth consecutive year.

Toyota Sold 10.8m Vehicles, which includes Daihatsu and Hino Motors, fell by 3.7% from the previous year. This reduction was mostly caused by complications with certification testing in Japan, which had a significant impact on Daihatsu sales.

Toyota’s nearest opponent, Volkswagen Group, remained in second position. However, sales declined by 2.3%, bringing the total to slightly more than 9 million automobiles.

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Toyota’s core brands, including Toyota and Lexus, saw a 1.4% reduction in total sales. Despite this, hybrid vehicles helped Toyota maintain its solid position. Indeed, hybrid sales reached a new high, accounting for 40.8% of the company’s total sales.

Toyota encountered considerable hurdles in China, where the market is still very competitive. However, high hybrid vehicle sales enabled them to keep ahead of the competition.

Despite a modest drop in sales, Toyota continues to lead the worldwide automobile market, demonstrating its resilience and adaptability to changing industry trends. Toyota is an industry leader, with a growing focus on hybrid and fuel-efficient automobiles.

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Toyota Sold 10.8m Vehicles, Remains World’s Best-Selling Automaker in 2024

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Toyota Sold 10.8m Vehicles claims the distinction of the world's best-selling automaker, with 10.8 million vehicles sold worldwide.

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