Toyota Motor achieved record global sales in the first half of 2019 but came in just behind the Volkswagen group, according to company reports.
Japan's leading auto making group, including the Lexus brand and also Daihatsu Motor and Hino Motors, reported a 2% year on year rise in global sales to 5,311,806 units in the first half of 2019. Domestic sales increased by 3.6% to 1.21m units in this period while overseas sales were 1.5% higher at 4.1m units.
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Volkswagen Group sales, including SEAT, Skoda, Audi and Porsche car brands and commercial vehicle brands such as Scania and MAN, fell by 2.8% to 5,365,300 units to narrowly retain global leadership in this period.
The Renault, Nissan Motor and Mitsubishi Motors alliance fell to third place in the global ranking after combined first half sales dropped 5.9% to 5.21m vehicles from the 5.54m units sold in H1 2018.
Nissan's sales were sharply lower in North America and Europe in the six month period, by 9% and 18% respectively, as the company looked to reduce its dependence on dealer discounting. The automaker reported a 99% drop in operating income in the April-June 2019 quarter and last week announced 12,500 jobs cuts worldwide by the end of March 2023.
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