Toyota said sales were 10.5 million vehicles in 2021, including those of subsidiaries Daihatsu Motors and Hino Motors.
Toyota vehicle sales rose 10.1% last year
Japan’s Toyota Motor Co said on Friday its vehicle sales rose 10.1% last year, making it the world’s largest automaker for the second straight year and putting it even further ahead of its rival the closest, the German Volkswagen AG. The automaker said sales were 10.5 million vehicles in 2021, including those of subsidiaries Daihatsu Motors and Hino Motors.
This compares to the 8.9 million delivered by Volkswagen during the same period, which is 5% less than in 2020 and its lowest sales figures in 10 years.
Automakers have been forced to cut production as a shortage of semiconductors during the coronavirus pandemic has disrupted supply chains, spurring competition for the key component among consumer electronics makers.
However, the Japanese company has weathered the pandemic better than most other automakers because its home market of Japan and parts of Asia have been less affected than Europe.
Toyota, which reports third-quarter results on February 9, said it was likely to miss its production target of 9 million vehicles in the fiscal year ending March 31 due to related disruptions. to COVID-19.
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