Toyota Motor sold 10.8 million vehicles in 2024, maintaining its position as the world’s top-selling automaker for the fifth consecutive year despite a 3.7% decline in global sales, the company announced Thursday.
The drop was largely due to a sharp sales decline in Japan, where Toyota faced governance issues related to certification test procedures, particularly at its Daihatsu subsidiary. Sales of Toyota’s parent-only vehicles, including Lexus, fell 1.4% to 10.2 million, while unit sales in China dropped 6.9% amid intensifying price competition.
Despite these challenges, Toyota benefited from strong demand for hybrid vehicles, especially in the United States. Gasoline-electric hybrids accounted for 40.8% of its parent-brand sales, a record high, while battery electric vehicles made up 1.4%.
Toyota’s closest competitor, Volkswagen Group, reported sales of just over 9 million vehicles in 2024, marking a 2.3% decline, as it navigates cost-cutting measures and a competitive market in China.
Toyota sold 10.8 million vehicles in 2024, remaining the world’s top-selling automaker for the fifth consecutive year. However, sales in China dropped by 6.9%, and global sales fell by 3.7%, mainly due to challenges in Japan.
Toyota’s global production declined for the 10th consecutive month in November, down 6.2% year-on-year. However, the automaker saw a 1.7% increase in worldwide sales, marking the second consecutive month of growth.
Toyota’s global output fell for the ninth month in a row in October, primarily due to lower production in the U.S. and China. However, the automaker saw a 1.4% rise in global sales, reaching a record 903,103 vehicles for the month.
President Trump's pick for FBI Director, Kash Patel, faced tough questions during his confirmation hearing, particularly over his views on the 2020 election.
Newly released air traffic control (ATC) audio recordings provide an eerie and detailed account of the tragic midair collision between an American Airlines regional jet and a U.S. Army Black Hawk helicopter over the Potomac River on January 29, 2025.
Red Cross buses carrying 110 Palestinian prisoners arrived in the West Bank city of Ramallah on Thursday (January 30) as part of a phased agreement that ended over 15 months of conflict.
An 80-year-old Israeli hostage, Gadi Moses, has arrived at Tel Aviv’s Sorasky Medical Centre following his release from Hamas captivity
Russian investigators confirm a Pantsir-S1 missile downed Azerbaijan Airlines Flight 8243. Baku demands accountability as tensions rise over Moscow's next steps.
BP aims to join the Karabakh oil field project in Azerbaijan by 2025, with negotiations underway to finalize terms with SOCAR for this strategic offshore development.
BP Azerbaijan has announced plans to build a new compression platform at the Shah Deniz gas field to optimize production, company spokesperson Tamam Bayatly confirmed in a press briefing.
Protests erupted in Berlin against the far-right coincided with an AfD campaign event in Halle, as tensions rise over potential CDU-AfD coalition talks ahead of next month’s elections.
President Trump's pick for FBI Director, Kash Patel, faced tough questions during his confirmation hearing, particularly over his views on the 2020 election.
Newly released air traffic control (ATC) audio recordings provide an eerie and detailed account of the tragic midair collision between an American Airlines regional jet and a U.S. Army Black Hawk helicopter over the Potomac River on January 29, 2025.
Red Cross buses carrying 110 Palestinian prisoners arrived in the West Bank city of Ramallah on Thursday (January 30) as part of a phased agreement that ended over 15 months of conflict.
An 80-year-old Israeli hostage, Gadi Moses, has arrived at Tel Aviv’s Sorasky Medical Centre following his release from Hamas captivity
President Trump's pick for FBI Director, Kash Patel, faced tough questions during his confirmation hearing, particularly over his views on the 2020 election.
Newly released air traffic control (ATC) audio recordings provide an eerie and detailed account of the tragic midair collision between an American Airlines regional jet and a U.S. Army Black Hawk helicopter over the Potomac River on January 29, 2025.
Red Cross buses carrying 110 Palestinian prisoners arrived in the West Bank city of Ramallah on Thursday (January 30) as part of a phased agreement that ended over 15 months of conflict.
An 80-year-old Israeli hostage, Gadi Moses, has arrived at Tel Aviv’s Sorasky Medical Centre following his release from Hamas captivity
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment