109 days ago • Posted by William Ramstein

Toyota fights its way above Volkwagen

2020 was the year seeing Toyota take the helm as the largest car producer. Toyota's sales in 2020 was 9.53 million units compared to VW's 9.31 million. 2020 saw a fall in sales however, of 14% from 2019. Global shortage of chips will persist in 2021 but sales will recover according to IHS Markit to 84.4 million from 76.8 million in 2020. Global car sales are expected to touch 94.8 million in 2025. Source: Bloomberg