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International Business Times
International Business Times
Business
AFP News

Toyota Sets New Global Record For Annual Vehicle Sales

Toyota said it sold a record 11.2 vehicles last year (Credit: AFP)

Japan's Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages.

The figure, which represents units shifted by the firm and its subsidiaries, represented a jump of 7.2 percent on-year and compares with 9.2 million for Germany's Volkswagen Group, whose unit sales soared 12 percent.

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