By: Oliviya Kunjumon | January 30, 2024
Toyota Motor retained its position as world's top-selling automaker for the fourth consecutive year with a record 11.2 million sales in 2023.
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The company reported a 7.2 per cent increase in global group sales last year, which includes Daihatsu and Hino Motors.
Toyota's parent-only vehicle sales hit a record 10.3 million in 2023.
Volkswagen Group, the second-ranked German rival, reported a 12 per cent rise in deliveries to 9.2 million cars in 2023.
Supply chain bottlenecks eased for Volkswagen, contributing to its post-pandemic recovery.
Gasoline-electric hybrids comprised about a third of these sales.
Battery electric vehicles represented less than 1 per cent of total sales.