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Volkswagen outsells Toyota & GM in first half of 2015
Japanese automaker Toyota on Tuesday issued a statement stating the deliveries of 5.02 million vehicles in the first of the on-going year, trailing the 5.04 million vehicles its closest competitor Volkswagen reported earlier this month. Though sales for both the brands have seen slump during the tenure- Toyota posted 1.5 per cent while the German carmaker registered marginal 0.5 per cent down.
Akshit
Published On Jul 29, 2015 18:05 IST
Published OnJul 29, 2015 17:47 IST
Last Updated OnJul 29, 2015 18:05 IST
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General Motors, the third-biggest automaker by volume, have also seen 1.2 percent decline in the first half of the year to 4.86 million vehicles.
Despite of slowdown in China, its biggest market, Volkswagen has been benefited with the increased demand in European market during the past few years. Marching towards the target of becoming the world’s largest automaker by 2018, which it had announced way back in 2007, Volkswagen will have to withstand the downfall brought about by China’s volatile stock market and locally manufactured cheap competition.
Last year, Toyota sold 10.23 million vehicles against the 10.14 million of Volkswagen and 9.92 million of General Motors.
Source: Bloomberg
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<p><span>While growing up, anything on wheels fascinated Akshit. Since then he turned into a Wheel-O-Addict and automobiles became the love of his life. His zeal to explore more about wheels, pushed him to pursue Automobile Engineering, which certainly helps in adding more technicalities to his over-all passion. He began working as an automobile journalist- the field that allows him to explore both two-wheeler and four-wheeler market existing in India and form a substantial perception about them. A true Punjabi by heart, jolly by nature and a food buff; Akshit believes in spreading happiness around and make every possible one smile.</span></p>Read more
