Toyota Sells More Cars Globally Than VW for 5th Consecutive Month
By Carandbike Team
1 mins read
Published on December 25, 2015
Toyota has beaten Volkswagen again in terms of global car sales, with the Japanese carmaker selling more vehicles for the fifth consecutive month in November. VW has been struggling ever since the diesel emissions scandal broke out, which puts Toyota on course to remain the world's top-selling automobile manufacturer in 2015.
Toyota has continuously outsold Volkswagen on a year-to-date basis since July. The company on Friday said that vehicle sales totalled 9.21 million in the January-November period, more than the 9.10 million cars delivered by Volkswagen during the same period.
Group sales at Toyota in the year through November eased 1.0 per cent from the previous year, while Volkswagen group sales for the same period fell 1.7 per cent.
Earlier this month, Volkswagen said its VW brand sales fell 2.2 per cent year-on-year in November, extending a slide seen since October, the first full month after Europe's biggest carmaker admitted that it cheated diesel emissions tests in some of its cars.
Also Read: Volkswagen India to Recall 3.23 Lakh Cars
The cheating scandal affects an estimated 11 million VW cars globally, including about 8.5 million cars in Europe, 500,000 in the US, and 323,000 in India.
VW has set aside 6.7 billion euros to help cover the costs of the diesel recalls and another 2 billion euros for compensation payments related to its manipulations of carbon dioxide emission levels in its diesel engines.
However, analysts say the costs of fines, lawsuits and vehicle refits could top 40 billion euros ($42 billion).
Last Updated on December 25, 2015
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