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VW breaks Toyota's reign as world's number one seller

30.01.2017

Despite being embroiled in the ongoing emissions saga, Volkswagen has managed to upstage Toyota in ending the Japanese giant's four year reign as the world's best selling automaker.

Automotive News reports that the Volkswagen Automotive Group's sales increased by 3.8% in 2016 to 10.3-million cars, trucks and buses, while Toyota's small 0.2% spike resulted in 10.2-million vehicles being moved including models from its Lexus, Daihatsu and Hino Trucks divisions.

A change in buyer dynamics in both the USA and China was cited for Toyota's lowered sales, with tax cuts and growth in the latter market being attributed to Volkswagen's increasing sales.

The report however states that Toyota amassed a profit more than double that of the Wolfsburg firm in the first six months of 2016, despite neither posting any earnings for the fourth quarter that ended on December 31st.

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30.01.2017
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