Toyota remains the best-selling automaker globally in 2022

KUALA LUMPUR: A few days back, an Australian market research firm (Compare the Market) revealed that Toyota is the world’s most searched car brand for 2022 based on Google Trends data. Well, the Japanese automaker is not only the most searched car company but also the top-selling one. 

Yesterday, Toyota released its sales results for 2022. The company along with its subsidiaries (Daihatsu Motor Co., Ltd., and Hino Motors, Ltd.) sold a total of 10,483,024 vehicles around the world. Although the number is 0.1% less than the units delivered in 2021, it helped Toyota retain its title of world's best-selling automaker for the third time in a row.

On achieving this figure, the Japanese car giant commented, “Despite the impact of production constraints caused by the spread of COVID-19, increased demand for semiconductors, and other factors, global sales were at the same level year-on-year as a result of solid demand centered around Asia.”

On number 2 is the Volkswagen Group which announced its sales results earlier this month. The German conglomerate managed to sell a total of 8.3 million vehicles in 2022 which is observed as its lowest-ever sales in over a decade. The factors that badly impacted the company’s supply chains are the Ukraine war and Covid-19 lockdowns in China.

Coming back to Toyota, the company's total sales figure consists of 2.7 million electrified vehicles, which is almost 5% more than compared to 2021. Hybrid vehicles were the major contributor to this number with 2.6 million deliveries.

Despite a slight decline in global sales, worldwide production of the automaker rose by 5.3% to 10,610,604 units. 

In other news, Toyota recently appointed Koji Sato as its new President and CEO, succeeding Akio Toyoda in an unexpected leadership restructuring. Mr. Toyoda held the position for almost 14 years and introduced several notable vehicles during hi tenure.

Also read: Second-generation Toyota Mirai in Malaysia; first 5 units delivered