Toyota overtakes Volkswagen as world's biggest automaker

Toyota is back on top.The Japanese company has reclaimed its place as the world's best-selling automaker, with its latest results showing an edge over...

Posted: Jan 28, 2021 6:52 AM
Updated: Jan 28, 2021 8:30 AM

Toyota is back on top.

The Japanese company has reclaimed its place as the world's best-selling automaker, with its latest results showing an edge over Volkswagen Group.

Toyota sold 9.5 million vehicles around the world in 2020, according to figures released on Thursday that include its Daihatsu and Hino lineups. That's compared with the 9.3 million units delivered last year by Volkswagen, which owns brands including Audi, Skoda and Porsche.

Big carmakers have tussled over the global crown for years. In 2013, Toyota became top dog as it overtook General Motors in sales. Two years later, Volkswagen gained on the Japanese company, though the top of the rankings remained unchanged.

In 2017, the German firm officially unseated Toyota.

While the rebound is good news for Toyota, it doesn't mean the company is out of the woods. Over the past year, the coronavirus pandemic wiped out sales and disrupted supply chains across the auto industry.

Toyota deliveries dropped 11.3% in 2020 compared to the previous year, while Volkswagen suffered a 15.2% slide.

Now, carmakers are facing a critical shortage of semiconductors that threatens to hamstring production.

According to UBS analysts, Volkswagen could lose out on production of 100,000 units in the first three months of the year, or roughly 4% of global quarterly output, as a result of the components shortages.

The biggest carmakers are still making money, though.

Volkswagen said last week that profits for 2020 topped $12 billion, pointing to a recovery in the second half of the year.

The company also pointed to a slight uptick in its share of the global passenger market, as well as a huge jump in purchases of electric cars and hybrids.

Toyota has not yet released its full-year financial results for 2020.

— Hanna Ziady contributed to this report.

Minnesota Coronavirus Cases

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Cases: 604184

Reported Deaths: 7620
CountyCasesDeaths
Hennepin1248631774
Ramsey52480895
Dakota46804470
Anoka42746458
Washington27416291
Stearns22552224
St. Louis18137312
Scott17548135
Wright16370149
Olmsted13391102
Sherburne1201295
Carver1066448
Clay825892
Rice8196110
Blue Earth762543
Crow Wing681594
Kandiyohi667885
Chisago619752
Otter Tail585884
Benton582998
Goodhue483874
Douglas475381
Mower470733
Winona461251
Itasca459263
Isanti439964
McLeod430361
Morrison424662
Nobles407950
Beltrami407561
Steele397616
Polk389072
Becker386655
Lyon363853
Carlton352756
Freeborn346932
Pine335023
Nicollet331045
Mille Lacs311654
Brown307840
Le Sueur297226
Cass286032
Todd285632
Meeker263142
Waseca238023
Martin235332
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Hubbard196441
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Murray107010
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Cases: 370914

Reported Deaths: 6048
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Polk58232640
Linn21204339
Scott20306247
Black Hawk16119312
Woodbury15238230
Johnson1461585
Dubuque13506211
Dallas1128999
Pottawattamie11223174
Story1071448
Warren583991
Clinton561493
Cerro Gordo553593
Sioux517074
Webster515494
Muscatine4880106
Marshall486676
Des Moines467271
Wapello4337122
Buena Vista426940
Jasper421172
Plymouth402981
Lee382356
Marion366076
Jones300957
Henry294637
Bremer288261
Carroll286852
Crawford268540
Boone268434
Benton259655
Washington256751
Dickinson249344
Mahaska232351
Jackson225242
Clay216627
Kossuth216166
Tama211871
Delaware210943
Winneshiek198535
Page194522
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Hardin187444
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Wright185940
Hamilton181851
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Clayton171057
Butler166235
Madison164619
Mills163724
Floyd163342
Cherokee159338
Lyon158841
Poweshiek157036
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Hancock150234
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Cass139255
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Davis85225
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Osceola78916
Greene78011
Lucas77923
Worth7598
Taylor66812
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