Second-ranked German rival Volkswagen Group <VOWG_p.DE> earlier this month reported a 12 per cent rise in deliveries last year to 9.2 million cars, marking a post-pandemic recovery as supply chain bottlenecks eased.
Sales of Toyota’s parent-only vehicles, which include those of its namesake and Lexus brands, hit a record of 10.3 million vehicles in 2023. (Image credit: Reuters)