Archives for July 2021

Six months into the year, Toyota Group firmly established its leading position in the race for World’s Largest Automaker 2021. Global sales of Toyota Group companies were nearly half a million ahead of its arch nemesis Volkswagen. Unless an even bigger catastrophe happens, the year should end with Toyota crowned World’s Largest Automaker. If current trajectories are maintained, Toyota could lead VW by a million at year’s end.

Don’t be overly impressed by the double-digit growth rates. A year ago (see insert,) global OEMs were down by slightly higher double digits as the virus closed factories and dealerships the world around. Despite the impressive percentages, we are far from previous peaks. [ There is more … ]