Toyota Is The Best Selling Automaker In World
Date
1/30/2025 10:13:20 AM
(MENAFN- AzerNews)
By Alimat Aliyeva
Toyota Motor Company announced on Thursday that it sold 10.8
million vehicles in 2024, maintaining its position as the world's
best-selling automaker for the fifth consecutive year. Despite
achieving a record number of vehicle sales overall, the company
faced challenges in certain markets, Azernews
reports.
In the United States, demand for Toyota's hybrid vehicles
contributed significantly to the sales increase, while car sales in
China experienced a decline of 6.9 percent. This was attributed to
fierce price competition in the world's largest automotive market,
as well as shifting consumer preferences.
Globally, Toyota reported a 3.7 percent drop in sales last year.
This decline was primarily driven by a sharp reduction in sales in
Japan, where the company was grappling with management issues
related to certification testing procedures, particularly at its
subsidiary, Daihatsu.
Interestingly, despite the challenges, Toyota's innovative
hybrid technology continues to make a significant impact in global
markets, underscoring the automaker's leadership in sustainable
mobility. The company's continued focus on eco-friendly vehicles is
seen as a key factor in its long-term strategy to maintain
competitiveness in the evolving automotive landscape.
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