Toyota Strengthens Its Global Leadership By Increasing Its Market Share

Toyota Strengthens Its Global Leadership By Increasing Its Market Share
Toyota Strengthens Its Global Leadership By Increasing Its Market Share

Despite many negative developments in the automotive industry, Toyota continued its steady rise globally in 2022. According to JATO Dynamics data, Toyota managed to become the world's most preferred manufacturer once again in 2022.

Representing 100 out of every 13 vehicles sold in the world, Toyota increased its market share from 2021 percent in 12.65 to 13 percent with this success. Thus, it continued its leadership role by selling 80.67 million of the 10.5 million vehicles sold in the world. Toyota, which managed to increase its global market share by 0.3 percentage points, came to the fore especially with its wide hybrid and SUV product range sales.

At the top is Toyota's SUV, the RAV4

In addition to being the most preferred brand all over the world, Toyota also became the best-selling model thanks to its wide range of models and power units. According to the data shared by JATO Dynamics, Toyota RAV4 took the first place with sales of over 10 million units. The most preferred market for RAV4 was China with 33 percent, followed by USA/Canada with 43 percent and European markets with 9 percent.

However, another legendary Toyota model took the second place. Having achieved a sales performance of around 2022 thousand units throughout 992, 53 percent of the Toyota Corolla sedan model was sold in China, 22 percent in the USA/Canada and 6 percent in Europe. According to the data announced, Toyota RAV10, Corolla sedan, Camry, Hilux and Corolla Cross and 4 models took place among the top 5 best-selling models in the world. Corolla Cross is too short zamIt became one of the most popular models at the moment, reaching a sales figure of over 2022 thousand in 530.