European Automotive Industry in the Century of Asia

1.1.4 Global Car Sales by Manufacturer In terms of sales, the world’s leading car manufacturer in 2022 was Japan’s Toyota, with total sales of 10.5 million units (the same as in 2021), as reported by the MarkLines platform. The Volkswagen Group ranked second (as in 2021), with 8.3 million vehicles sold in 2022 (-7% compared to 2021). The Hyundai-Kia brand occupied the third position (6.8 million units). Fig. 1.5: Global vehicle sales by selected car manufacturers in 2022, 2021 (million units)

Source: MarkLines

European car manufacturers consider Europe and Asia to be the dominant world regions in terms of car sales (by number of units sold or turnover), as shown in the companies’ annual reports. The Asian region accounts for approximately 43% of Volkswagen’s sales, while Europe contributes 41%.

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