Toyota once again leads the global automotive market, reaching 9.85 million vehicles sold by November 2024.
This number includes sales from its subsidiaries Lexus, Daihatsu, and Hino, surpassing the total of 9.23 million vehicles sold by the Volkswagen Group during the same period by 618,000 units. Despite a 3.6% drop in its sales compared to 2023, Toyota remains in a dominant position.
Toyota’s broad product lineup, ranging from compact cars in Japan to robust SUVs in the United States, continues to be a key factor in its success, even as its efforts in electric vehicles are still developing.
Meanwhile, the Hyundai Motor Group, consisting of Hyundai, Kia, and Genesis, took the third global spot with 7.23 million vehicles sold in 2024, a slight 1% decrease from the previous year.
The performance of the top three automakers shows how product diversification and global presence are key factors for success in the automotive market.
Source: Motor1.com | Photo: Instagram @toyota | This content was created with the help of AI and reviewed by the editorial team