VW retakes global sales lead from Toyota
Volkswagen has once again taken the global sales crown from rival Toyota, as both companies continue to deal with separate issues.
Toyota’s global deliveries slid by 2.3 percent to 2.46 million vehicles for the first three months of the year, while VW managed to achieve a slight increase of 0.8 percent to 2.5 million units, according to Bloomberg.
VW’s TDI emissions scandal has negatively affected sales in the US, however the impact appears to have been offset by strong growth in China and solid performance in Europe.
Toyota’s troubles are primarily related to materials and parts shortages. An explosion at a steel factory in January caused production-line slowdowns in Japan. Steel shipments were finally getting back to normal when earthquakes struck, causing further interruptions that are still affecting output. Toyota builds 40 percent of its global output in Japan.
General Motors has maintained the third spot in the global sales race, with first-quarter deliveries falling 2.5 percent to 2.36 million units.