Toyota Falls from Top Spot in Global Auto Sales for First Time in 5 Years
Toyota Motor Corp
Tokyo - QNA
Toyota Motor Corp. fell from the top spot in global auto sales for the first time in five years in 2016, outperformed by Volkswagen AG of Germany, according to data released by automakers Monday.
The Toyota group, which includes Daihatsu Motor Co. and Hino Motors Ltd., sold 10,175,000 units last year, up 0.2% from the previous year, while those of the German automaker increased 3.8% to 10,312,000 units, according to (Kyodo) news agency.
Volkswagen's sales rose significantly in China, while sales of Toyota dipped slightly in the United States, one of its main markets.
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