Volkswagen Surpasses Toyota in Global Auto Sales
Despite slowdowns in China, Russia and Asia, Volkswagen surpassed Toyota in global auto sales by delivery in the first half of 2015, Automotive News Europe is reporting.
Volkswagen sold 5.04 million cars in the first six months of 2015, compared to 5.02 million for Toyota, according to the report. Sales were down 1.5 percent and 0.5 percent for Toyota and VW respectively.
GM was the third-largest automaker with 4.86 million vehicles.
Volkswagen capitalized on a growing European market to help offset softening Chinese sales. Passenger-vehicle sales fell for the first time in two years in China as that country’s economy responds to market volatility.
Sales slumped in South America, some Southeast Asia markets and sales in Russia have dramatically declined, the story points out.
Deliveries in North America increased by only 4.4 percent, the smallest margin since the economic recovery began in 2009.
The report is the latest in the saga of “Who Wants To Be The World’s Largest Automaker?” with VW on pace to take the crown three years before their executives forecasted. In May, it looked as if VW would take silver thanks to its ongoing leadership shuffle, but a resurgent European market may help. Meanwhile, Toyota may make up ground after a 10-percent gain in China in the first half, according to the report.