According to a report published by Automotive News Europe, Volkswagen has overtaken Toyota by managing to sell 5.04 million vehicles globally in the first half of 2015.
Toyota (including Daihatsu and Hino) reported global sales of 5.02 million vehicles in the first six months of the year, just 20,000 units below VAG (including Man and Scania). However deliveries for Volkswagen have declined 0.5 percent and Toyota witnessed a decline by 1.5 percent this year, compared to the previous year’s performance.
General Motors is in the third position globally in terms of sales with the company managing to deliver 4.86 million vehicles. Sales have declined by 1.2 percent for GM as well, compared to the previous year’s performance.
Volkswagen is said to have benefited from the European markets where demand was at a 5.5 year high. The increase in demand in Europe helped the company mitigate the slowness from its biggest market in China.
For the company to achieve its goal of becoming the largest manufacturer globally that was set in 2007, Volkswagen will have to prevail in the face of a steep decline in demand in the Chinese market resulted by a volatile stock market and competition from cheaper SUV’s manufactured by Chinese brands.
The global auto industry has expanded every year since 2009 but is currently looking at a slowdown in China, reducing demand in Russia and weakness in some Southeast Asian and South American countries. Deliveries, for the entire market, have however increased by 4.4 percent during the first half of the year in the U.S.A.
[Source – AutomotiveNews Europe]