Toyota global vehicle sales 2017-2021

Globally, Toyota sold around 10.5 million vehicles between January and December 2021. The company's sales tally increased by around 10 percent between the 2020 and 2021 calendar years, growing close to pre-pandemic levels.

Fierce competition

The company designs, manufactures, and sells motor vehicles under various brands, including the luxury marque Lexus. Toyota's market value outperforms the likes of Pfizer, Nike, and Eli Lilly. Toyota is one of the largest automakers in the world, based on calendar year sales figures. The car manufacturer's closest rival is Germany’s Volkswagen Group.

Go East

While Japan accounts for Toyota's largest revenue share, other Asian countries have emerged as the automaker's third largest markets in terms of revenue. Many automotive manufacturers were turning to the Chinese market to offset moderate sales figures in more saturated markets. Renault-Nissan-Mitsubishi, Volkswagen, and Toyota all have entered partnerships with automobile manufacturing joint ventures in China, although Toyota’s vehicle sales in the world’s largest automobile market fade in comparison to i.e. VW’s four million deliveries. Between January and December 2020, Volkswagen and its Shanghai joint venture claimed the title as China’s leading passenger vehicle manufacturer, while Toyota continued to struggle. Toyota’s China woes aside, key figures for the Japanese company are shining bright, particularly in terms of sustainability.