Toyota Beats Volkswagen to Become World’s Number One Car Seller in 2020

Toyota Beats Volkswagen to Become World’s Number One Car Seller in 2020
A logo of Toyota is pictured at Bangkok Auto Salon 2019 in Bangkok, Thailand, on July 4, 2019. Athit Perawongmetha /Reuters, File
Reuters
Updated:

TOKYO—Japan’s Toyota overtook Germany’s Volkswagen in vehicle sales last year, regaining pole position as the world’s top selling automaker for the first time in five years as the pandemic demand slump hit its German rival harder.

Toyota said on Thursday its group-wide global sales fell 11.3 percent to 9.528 million vehicles in 2020. That compared with a 15.2 percent drop at Volkswagen to 9.305 million vehicles.