Toyota’s 10.4m sales beat rivals in 2018 FY
For three years in a row, Toyota has been the largest automaker in the world, based on calendar year sales figures. Worldwide, the Japanese automaker sold around 10.4 million vehicles in the fiscal year that ended in March 2018, making it the largest in terms of global car sales.
Toyota’s China woes aside, key figures for the Japanese company are shining bright, particularly in terms of sustainability. Its market value outperforms the likes of Facebook, Amazon or the China Construction Bank.
Furthermore, Toyota Motor Company is believed to be the most profitable carmaker worldwide, raking in gross profits of around 33 billion U.S. dollars (or 3.39 trillion Japanese yen) in the fiscal year ending March 31, 2014.
The company designs, manufactures and sells passenger vehicles, trucks and motorcycles under five brands, including the millennial-targeted brand Scion and the luxury brand Lexus.
Calculations within some global automotive industry schools of that, in the long run, it is expected that Germany’s Volkswagen Group, currently the second largest automotive manufacturer globally, will overtake Toyota both in terms of sales revenue and production output.
Both companies have entered partnerships with automobile manufacturing joint ventures in China, although Toyota’s vehicle sales in the world’s largest automobile market are miniscule compared to VW’s 3.7 million deliveries.
Between January and June 2014, Volkswagen and joint ventures claimed the title as China’s leading passenger vehicle manufacturer, while Toyota continued to struggle.
Meanwhile, the ranking of the world’s most valuable car brands in 2018 was topped by Toyota. The brand which is a sub-division of the Toyota Motor Company was founded in the late 1930s.
This statistic shows the most valuable automotive brands worldwide in 2018, based on brand value. The Toyota marque was ranked as the world’s most valuable car brand in 2018, with a brand value of nearly 30 billion U.S. dollars.
The Japanese manufacturer is one of the largest companies within the global automotive industry. It is active in a variety of segments, including SUVs and crossovers, trucks and motorcycles. Furthermore, Toyota invests heavily in the research and development of hybrid electric vehicles, as well as plug-in and full-electric vehicles.
In addition to its operations in the automotive manufacturing industry, Toyota is involved in various other areas, including robotics and aerospace projects.
Beside Toyota, automotive brands such as BMW, Mercedes-Benz and Ford also made it into the list of the most valuable car brands worldwide. Germany’s Mercedes-Benz (a division of Stuttgart-based car and truck maker Daimler) manufactures luxury and crossover automobiles, buses and trucks. In 2017, the car manufacturing subdivision, Merecedes-Benz Cars had total revenue of around 94.7 billion euros.
In 2018, the scandal-stricken Volkswagen passenger car brand climbed back on the tail of the list, while Tesla made a steady climb up the ranking. Of the big three U.S. automakers, General Motors and Chrysler sell automobiles under a variety of brands, while Ford sells vehicles under its namesake Ford brand and the Lincoln brand.