Business Hilights

Tracking Nigeria's Headline Business News Online


VW overtakes Toyota after four-year lead in sales

Ad 2
Ad 3

German auto giant, Volks Wagen (VW) has overtaken Toyota group in yearly global sales

Only last year, global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Limited truck brands rose 0.2 per cent to 10.18 million last year from 2015

But sales of the Volkswagen AG’s surpassed Toyota Motor Corp’s four-year run as the world’s top-selling automaker in 2016.

This was less than the 10.3 million sold by Volkswagen, which posted record high global sales despite its diesel emissions scandal.

Toyota’s overall global sales were supported by a 5.5 per cent rise in domestic sales for the Toyota brand following new launches for models, including the Prius.

Meanwhile, overseas sales slipped 0.6 per cent as demand eased in North America, in and around the Middle East and Africa.

The Japanese motor company had been the world’s top-selling automaker on an annual basis since 2012, estimates global sales to increase to around 10.23 million vehicles in 2017.


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.