Toyota Motor Company said on Tuesday that it sold a record 11.2 million cars in 2023, making it the best-selling car company in the world for the fourth year in a row. This number is the highest level recorded in the history of the Japanese company.
The Japanese automaker announced a 7.2% jump in the group’s global sales last year, including sales of the Hino Motors truck unit and the small car manufacturer Daihatsu, supported by record overseas sales of 8.9 million vehicles.
Volkswagen Group, the second-placed German competitor, announced earlier this month a 12% increase in deliveries last year to 9.2 million cars, which represents a recovery after the Corona pandemic as supply chain bottlenecks eased.
Sales of original Toyota vehicles alone – which include those bearing the same name and the Lexus brand – reached a record high of 10.3 million cars in 2023.
Hybrid cars – which operate on gasoline and electricity – constitute about a third of these cars, while electric cars that operate on batteries constitute less than 1%.
Toyota said in the statement, “Achieving the highest sales is not our goal. We hope to continue manufacturing cars while placing safety and quality as our top priorities.”
