For the fifth consecutive year, Toyota remains the global leader in automobile sales.

As reported by Ukrinform, this information comes from Kyodo News.

For the company, this marks the fifth consecutive year of maintaining its leadership in the world for this metric.

Toyota Motor Corp. announced that its automotive group, which includes mini-car manufacturer Daihatsu Motor Co. and truck producer Hino Motors Ltd., sold 10.82 million vehicles globally in 2024, which is a 3.7% decrease compared to the previous year.

Its main competitor, Volkswagen AG from Germany, sold 9.03 million vehicles last year.

It is noted that the Japanese automaker's sales in North America increased by 4.3% to 2.73 million vehicles, while sales in Europe rose by 3.6% to 1.17 million units, driven by strong deliveries of models like the RAV4 and C-HR.

At the same time, sales in China declined by 6.9% to 1.78 million vehicles amid fierce price competition.

Sales of hybrid vehicles surged by 21.1% to 4.14 million vehicles due to rising demand in key markets such as North America and Europe, against a backdrop of cooling interest in electric vehicles worldwide.

The company’s electric vehicle sales increased by 34.5% to 139,892 units.

As Ukrinform reported, in December of last year, the Japanese automotive giant Toyota stated that its global production has been declining for the 10th consecutive month, while its sales have been rising for the second month.