Toyota was the world’s leading automaker in 2022, defending its title as the best-selling car manufacturer despite supply bottlenecks that hampered production and impacted sales. According to the final numbers, Toyota shipped 10,483,024 vehicles to customers from all over the world, a slight decrease of 0.1 percent compared to the previous year. The total includes deliveries made by its subsidiaries, Daihatsu, and commercial vehicle manufacturer Hino.
In comparison, Volkswagen Group, one of Toyota’s closest competitors, sold only 8.3 million cars in 2022, down by seven percent compared to 2021. VW’s sales decline was due to supply shortages generated by Russia’s invasion of Ukraine and the COVID-19 lockdowns in China, which is one of its main markets.
Despite this setback, Toyota’s worldwide production actually increased by 5.3 percent o 10,610,604 units. The core brand assembled 5.2 percent more vehicles than in the previous year, reaching 9,026,713 units. However, domestic production decreased by 7.7 percent to 2,656,009 cars, while the number of vehicles assembled outside of Japan increased by 11.7 percent to 6,370,704 cars.
Although Toyota remains the global sales leader, it was dethroned in the United States by General Motors. In 2022, GM sold 2,274,088 vehicles, while Toyota Motor North America, which includes Lexus, delivered 2,108,458 vehicles. Despite this setback, Toyota’s production plans for 2023 remain unchanged, with plans to build approximately 10.6 million vehicles, which is roughly the same as the previous year.
However, Toyota is still facing parts shortages, forcing the company to halt operations at its factory in the Czech Republic in February. The plant in Kolin, where workers assemble the Aygo X and Yaris, will be on hiatus from January 31 to the end of next month. As a result, global production plans are being adjusted on a monthly basis because of supply constraints.
In conclusion, Toyota’s performance in 2022 demonstrates the automaker’s resilience and ability to overcome challenges, including supply chain disruptions and pandemic-related lockdowns. Despite its decline in sales in the United States, Toyota remains the world’s leading automaker and has plans to maintain its production levels in 2023. However, the company will need to continue to adapt to the changing market and address ongoing supply chain issues to maintain its position as a top automaker.
In the Philippines, Toyota continues to defend its sales crown – an accolade it has been holding since time immemorial. The Philippine automotive industry experienced a surge in sales in 2022, with a 31.3 percent increase to 352,596 units, surpassing the full-year sales forecast of 336,000 units.
All vehicle segments and categories saw positive growth except for large trucks and buses, which declined by 21.1 percent. The commercial vehicle segment saw the biggest boost with a 45.6 percent increase to 266,699 units. The passenger car segment ended with a flat growth of 0.7 percent.
Toyota Motor Philippines (TMP) was the top contributor with 174,106 units, accounting for 49.38 percent of the total market share. Mitsubishi Motors Philippines Corporation (MMPC) was the second largest contributor with 53,211 units, followed by Ford Philippines with 24,710 units. The growth in sales is seen as a sign of recovery from the impact of the pandemic and other external challenges, and the industry is expected to capitalize on the growing market demand for new vehicles.
Toyota was the world’s leading automaker in 2022, defending its title as the best-selling car manufacturer despite supply bottlenecks that hampered production and impacted sales. According to the final numbers, Toyota shipped 10,483,024 vehicles to customers from all over the world, a slight decrease of 0.1 percent compared to the previous year. The total includes deliveries made by its subsidiaries, Daihatsu, and commercial vehicle manufacturer Hino.
In comparison, Volkswagen Group, one of Toyota’s closest competitors, sold only 8.3 million cars in 2022, down by seven percent compared to 2021. VW’s sales decline was due to supply shortages generated by Russia’s invasion of Ukraine and the COVID-19 lockdowns in China, which is one of its main markets.
Despite this setback, Toyota’s worldwide production actually increased by 5.3 percent o 10,610,604 units. The core brand assembled 5.2 percent more vehicles than in the previous year, reaching 9,026,713 units. However, domestic production decreased by 7.7 percent to 2,656,009 cars, while the number of vehicles assembled outside of Japan increased by 11.7 percent to 6,370,704 cars.
Although Toyota remains the global sales leader, it was dethroned in the United States by General Motors. In 2022, GM sold 2,274,088 vehicles, while Toyota Motor North America, which includes Lexus, delivered 2,108,458 vehicles. Despite this setback, Toyota’s production plans for 2023 remain unchanged, with plans to build approximately 10.6 million vehicles, which is roughly the same as the previous year.
However, Toyota is still facing parts shortages, forcing the company to halt operations at its factory in the Czech Republic in February. The plant in Kolin, where workers assemble the Aygo X and Yaris, will be on hiatus from January 31 to the end of next month. As a result, global production plans are being adjusted on a monthly basis because of supply constraints.
In conclusion, Toyota’s performance in 2022 demonstrates the automaker’s resilience and ability to overcome challenges, including supply chain disruptions and pandemic-related lockdowns. Despite its decline in sales in the United States, Toyota remains the world’s leading automaker and has plans to maintain its production levels in 2023. However, the company will need to continue to adapt to the changing market and address ongoing supply chain issues to maintain its position as a top automaker.
In the Philippines, Toyota continues to defend its sales crown – an accolade it has been holding since time immemorial. The Philippine automotive industry experienced a surge in sales in 2022, with a 31.3 percent increase to 352,596 units, surpassing the full-year sales forecast of 336,000 units.
All vehicle segments and categories saw positive growth except for large trucks and buses, which declined by 21.1 percent. The commercial vehicle segment saw the biggest boost with a 45.6 percent increase to 266,699 units. The passenger car segment ended with a flat growth of 0.7 percent.
Toyota Motor Philippines (TMP) was the top contributor with 174,106 units, accounting for 49.38 percent of the total market share. Mitsubishi Motors Philippines Corporation (MMPC) was the second largest contributor with 53,211 units, followed by Ford Philippines with 24,710 units. The growth in sales is seen as a sign of recovery from the impact of the pandemic and other external challenges, and the industry is expected to capitalize on the growing market demand for new vehicles.