Archives for August 2022

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Tesla and Uber failed to disrupt the automotive business, but a nasty little virus sure did. It led to plant closures, shortages, supply-chain turbulences, and with a few natural disasters and a shooting war in Europe thrown in, things could hardly get nastier (don’t bank on it, they can.)  As of July 2022, the year-to-date global total industry volume was 7.5% below the TIV of the prior year. Times of adversity bring out the well-run companies, and those definitely are Toyota Group and Hyundai Group.

At the top of the leaderboard, Toyota Group already is 1.4 million units ahead of second-ranked Volkswagen Group. Toyota’s global sales are down only 6.1%, that’s above TIV, and a sign of gaining market share. Volkswagen on the other hand is down 19.3%.  One of the top Google searches landing on these pages is “Toyota going bust,” and they will be disappointed.  All things considered, Toyota is doing fine, and you can disregard some of today’s headlines to the contrary.

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