Earlier than planned, the German overtook Japan in the race to be the No. 1 automaker in the world
Volkswagen edged out Toyota in global car sales.
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The Volkswagen group overtook Toyota to become the largest automaker by deliveries in the first half of the year, which The German company is in track for the crown of largest seller of cars in the world , three years ahead of schedule.
Toyota sold 5.02 million vehicles in six months to June, behind the Volkswagen reported 5’040,000 earlier this month. Deliveries 1.5% to 0.5% for Toyota and Volkswagen declined. The figures include sales of Toyota and Daihatsu models Hino brand heavy trucks. VW numbers include the brands MAN and Scania trucks.
Volkswagen benefited from the demand for cars in Europe which accelerated at the fastest pace in five years and a half, which softened the blow of the slowdown in China, its largest market.
To achieve its goal set in 2007 to become the world’s largest automaker, Volkswagen will have to endure the fall in demand caused by the market volatility China values and competition from cheap SUV models manufactured by Chinese brands.
A global auto industry that has expanded each year since 2009 is facing a slowdown in China, the collapse of demand in Russia and the weakness in some Southeast Asian countries and South America.
US industry deliveries rose just 4.4% in the first half the year, putting the market on track for its lowest annual gain since the recovery began.
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