VW Passes Toyota as Largest Automaker
Jan. 31, 2017—German automaker, Volkswagen (VW) Group passed Toyota Motor Company as the world's largest automaker in 2016, according to a report from USA Today.
Vehicle sales in China helped VW surpass Toyota, this marks the first time the German automaker has been able to do this.
Last year's gains came primarily from China, where it is the largest seller of new vehicles. The company sold 3.98 million vehicles in China in 2016, up 12.2 percent for the year. U.S. sales fell 2.6 percent for the year to 591,100 units. China has the potential to pass Europe as VW's largest market.
Toyota announced on Sunday, according to USA Today, that it sold 10.18 million vehicles, up 0.2 percent. The Japanese automaker had been in the top spot since for seven of the last eight years, having passed General Motors in 2008.