Automobile manufacturers - vehicle sales worldwide midyear 2020

Between January and June 2020, Toyota was the leading automaker in terms of global vehicle sales with around 3.9 million units sold. This figure represents a decline of around 28 percent.

Not recovered from April slump

The automotive market cratered in Japan and the United States, two of Toyota's main markets in the 2020 fiscal year. However, the Japanese automotive manufacturer was not hit as hard as peer competitors with a strong presence in Europe, such as Renault. European car sales nosedived in April 2020, resulting in a 37.8 percent sales drop for the Renault-Nissan-Mitsubishi alliance.

Leading automobile manufacturers worldwide

Worldwide car sales dipped to 75 million units in 2019. The Toyota Motor Corporation sold around 10.7 million light and commercial vehicles in 2019. The market for light vehicles entered a downward trend in 2019. In light of an ongoing economic slump and the coronavirus outbreak, a growing number of people is expected to hold on to their vehicles for longer. On average, U.S. passenger cars are almost 12 years old.