Toyota already leads VW by over 1 million vehicles in global car sales race

TOYOTA Motor Corp looks poised to repeat its performance as the world’s largest auto-maker for a third straight year, having outsold Volkswagen by more than 1 million vehicles through April.

While both automakers’ China operations have been hamstrung by lockdown measures, Toyota has better managed to limit the damage. The Japanese manufacturer said Monday that worldwide deliveries slipped 5.8 per cent in the first 4 months of the year, whereas sales for its German rival plunged 26 per cent.

Toyota has managed to continue outpacing VW, despite coming up short of a production target last month that the company had pared back due to the spread of Covid-19 in Japan and overseas. President Akio Toyoda told employees in March that the auto-maker was re-examining manufacturing plans along with suppliers to avoid “exhaustion”. The company set a record for worldwide vehicle output that month.

VW has struggled this year in China, its largest market, with deliveries dropping 30 per cent through April. The auto-maker also has a much bigger presence than Toyota in western Europe, where Russia’s invasion of Ukraine has further disrupted already strained supply chains. BLOOMBERG