At 10.5 million vehicles sold, Toyota is top automaker in 2022

Robert Besser
03 Feb 2023, 12:55 GMT+10

Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling automaker for the third consecutive year
Including its truck unit, Hino Motors, and small-car maker Daihatsu, Toyota's total sales were only down 0.1 percent in 2022
Earlier this month the Japanese car-maker's second ranked rival, Volkswagen, reported its lowest sales in over a decade at 8.3 million vehicles

TOKYO, Japan: Toyota has announced that it sold 10.5 million vehicles in 2022, maintaining its position as the world's top-selling automaker for the third consecutive year.

Including its truck unit, Hino Motors, and small-car maker Daihatsu, Toyota's total sales were only down 0.1 percent in 2022, with record overseas sales of 8.6 million vehicles offsetting a 9.6 percent decline in the Japanese market, to 1.9 million.

As COVID-19 restrictions in China and Russia's invasion of Ukraine affected supply chains, earlier this month the Japanese car-maker's second ranked rival, Volkswagen, reported its lowest sales in over a decade at 8.3 million vehicles.

Despite the ongoing chip supply shortage, Toyota said it was able to increase global production in 2022 by 5 percent, due to strong demand in Asia and a rise in production capacity and optimization of assembling in both Asia and North America.

In November, Toyota revised its production forecast for the current financial year through the end of March, from 9.7 million to 9.2 million vehicles.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

26 ℃

Mostly Cloudy in Seletar

Business

Section

U.S. stocks rise sharply, Nasdaq Composite surges 210 points

NEW YORK, New York - U.S. stocks and the dollar made solid gains on Wednesday as banking sector fears continued ...

Twitter: Parts of source code leaked online

NEW YORK CITY, New York: In a legal filing, Twitter announced that parts of its source code - the fundamental ...

New Jersey bank said to be first choice to buy Silicon Valley Bank

NEW YORK CITY, New York: Bloomberg News has reported that New Jersey-based Valley National Bancorp is bidding to purchase Silicon ...

Higher bond yields dent U.S. stock markets

NEW YORK, New York - U.S. stocks lipped on Tuesday as bond yields rose in the aftermath of the easing ...

Eli Lilly announces new plant in Ireland; Limerick site to employ 300

DUBLIN, Ireland: US pharmaceutical giant Eli Lilly has said it will build a $1bn medicine manufacturing site in Limerick. Lily ...

Violent pitching on business jet kills passenger over New England

WASHINGTON D.C.: The US National Transportation Safety Board has said that after an automated cockpit warning that switched off a ...

Broadcasting

Section