Auto manufacturers' vehicle sales worldwide 2021-2022

Between January and March 2022, Toyota was the leading automaker in terms of global vehicle sales with around 2.6 million units sold. This figure represents a year-over-year dip of around four percent.

Not recovered from April slump

The automotive market cratered in Japan and the United States, two of Toyota's main markets in the 2021 fiscal year. During the Covid-19 pandemic, 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. European sales started to pick up in the first quarter of 2021.

Leading automobile manufacturers worldwide

Worldwide car sales dipped to 63.8 million units in 2020, before slowly rebounding in 2021. 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. As demand picked up in 2021, the global automotive semiconductor shortage impacted the leading manufacturers, resulting in production cuts and halts.