DailyKanban

With the first quarter 2021 in the statistics books, Toyota extends its lead over 2^nd-placed Volkswagen Group to 276K units. Both OEMs are up in the double digits, compared to a COVID-ravaged Q1 2020.  The growth motor is China. In 2020, China was hit first by the virus, and in 2021, China is first to recover. Toyota’s sales in China were up 75% in the first quarter, Volkswagen Group’s China deliveries  grew 61% in Q1.  Volkswagen’s China -exposure is higher that Toyota’s. China amounts to 30% of Volkswagen’s global sales, at Toyota, 19% of global sales were made in China. [Continue Reading]