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Toyota falls to No.3 www.nhk.or.jp
Executives at Toyota Motor have released the company's annual global unit sales for 2017. It shows that Toyota and its group have fallen to 3rd place, trailing behind Volkswagen at number 1, and the Renault group at number 2.
Company officials say the Toyota group including Daihatsu Motor and Hino Motors sold over 10.3 million vehicles last year. That's a 2.1 percent increase from 2016.
Germany's Volkswagen and its group topped the list for the second-straight year. It sold 10.7 million units for a gain of over 4 percent from 2016.
The Renault-Nissan-Mitsubishi group sold 10.6 million vehicles. All three automakers sold a record number of vehicles in 2017.
Analysts say Toyota's position sank as it failed to boost sales in China compared to its rivals. The carmaker lost the top slot in 2016 for the first time in 5 years.
Published Date:2018-01-30
