Jan 30, 2017

Volkswagen overtakes Toyota as the world's biggest carmaker

Japan's Toyota, which had topped sales for the past four years, sold 10.175 million vehicles globally in 2016. That fell short of the 10.31 million sales which VW reported last week. Volkswagen, which makes the Audi, Porsche and Skoda brands, saw a 3.8% increase in sales buoyed by demand in China. In Sweden for example, the Volkswagen Golf was the most popular new car in 2016 - the first time in more than half a century that a Volvo hadn't topped the country's sales. Toyota's sales grew by 0.2% - though it appears to have suffered from a slowdown in the US car industry.

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