Volkswagen who has held the title for a few years has been overtaken by Toyota. All automakers have felt the effects of the COVID pandemic. Most of which have had a significant drop in sales.
While Toyota had a drop of 10% it still made out better than the 15% drop at Volkswagen. In 2020 Toyota sold 9.5 million vehicles which is 200,000 vehicles more than Volkswagen.
“Despite the Covid-19 pandemic… Toyota was able to continue corporate activities through comprehensive implementation of various infection prevention measures, and by working together with partners including suppliers and dealers,” Toyota said in a statement.
Most large automakers are still making money even with lower sales. It will be interesting to see if automakers can easily bounce back after the vaccination is distributed.