AutoBeta(AutoBeta.net)01/22 Report--

Volkswagen Group may beat Toyota for the fourth year in a row and win the top spot in global sales. According to official sales figures released by Volkswagen Group, Volkswagen Group's global sales reached 10.9746 million vehicles in 2019, up 1.3% from a year earlier. According to Toyota Motor Company's latest KuaiBao, Toyota Group (including Toyota, Daihatsu and Hino) is expected to sell 10.72 million vehicles in 2019, compared with 101 per cent in 2018.

Although Toyota only released its projected sales, over the years, Toyota's projected sales are only slightly different from the final actual figures, and the overall difference is not much. As a result, Volkswagen may win the championship for four consecutive years.

Toyota lost to Volkswagen in 2016, giving up the title of global champion in annual sales for four years in a row. Volkswagen Group has surpassed Toyota Group in global sales since 2016, winning the championship for three consecutive years, and Volkswagen remains in the lead in 2019.

Volkswagen won the championship, China made the greatest contribution.

According to official figures from Volkswagen Group, Volkswagen Group's global sales reached 10.9746 million vehicles in 2019, an increase of 1.3% year-on-year and a new high for the group. China remains the world's largest single market for Volkswagen, contributing nearly 40 per cent of sales.

In all major regions, Volkswagen sold 4.5528 million vehicles in Europe, up 3.9 per cent from the same period last year. In Germany, Volkswagen sold 1.364 million vehicles, up 6.2 per cent from the same period last year. In North America, Volkswagen sold 951500 vehicles, down 0.5 per cent from a year earlier, of which 654200 were sold in the US, up 2.5 per cent from a year earlier. Volkswagen sold 608600 vehicles in South America, up 3.2% from a year earlier, mainly driven by the Brazilian market.

In the Asia-Pacific market, Volkswagen sold 4.5301 million vehicles in 2019, down 0.4 per cent from a year earlier. In the Chinese market, Volkswagen's overall sales reached 4.2336 million vehicles, a slight increase of 0.6% over the same period last year, accounting for 93.5% of Volkswagen's Asia-Pacific market sales and 38.6% of Volkswagen's global sales.

Volkswagen Group has 12 brands, including Volkswagen brand, Skoda, Audi, Porsche, Bentley and so on. Volkswagen brand is the best seller. According to Volkswagen Group, Volkswagen brand sold 6.2783 million vehicles worldwide in 2019, up 0.5% from the same period last year and accounting for 57.2% of Volkswagen Group's global sales.

In China, the world's largest single market, Volkswagen brand sales rose 1.7% in 2019 to 3.1632 million vehicles, accounting for 50.38% of Volkswagen brand global sales. As a result, the Volkswagen brand is still the most popular local car brand.

It is worth noting that Volkswagen launched a number of electric models in 2019, with sales of about 140000 electric models, an increase of 80 per cent year-on-year. In the future, Volkswagen Group will increase its investment in the field of electrification and further transform to future fields such as electrification and digitalization.

According to the plan, Volkswagen Group will invest 60 billion euros in the transformation and development of future areas such as hybrid, electric travel and digitization between 2020 and 2024, 40% of which will be invested in factory transformation and R & D and production. compared with previous plans, Volkswagen plans to invest nearly 33 billion euros in electric vehicle research and development and transformation alone.

"We will greatly increase the speed of our company through large-scale investment in the next five years, with hybrid cars, electric cars and digitization becoming more and more important," said Herbert Dis, CEO of Volkswagen Group.

Toyota has broken 10 million for six consecutive years.

According to Toyota's projected global sales in 2019, the Toyota Group (including Toyota, Daihatsu and Hino) is expected to sell 10.72 million vehicles in 2019, compared with 101% in 2018, and will exceed 10 million for six consecutive years. In addition, Toyota also announced a global sales target of 10.77 million vehicles for 2020, a slight increase compared with the projected global sales in 2019.

In the Chinese market, Toyota sold 1.6207 million vehicles in 2019, up 9 per cent from a year earlier and accounting for about 15 per cent of Toyota's global sales. However, this is the first time Toyota has overtaken Japan since it began selling in China in 1964, which has become Toyota's second-largest market in the world. Toyota sold about 1.61 million vehicles in Japan in 2019 and about 2.38 million in the United States.

FAW Toyota sold 737500 vehicles in 2019, up 2 per cent year-on-year; Guangzhou Auto Toyota sold 737500 vehicles, up 2 per cent year-on-year; and the Lexus brand sold 200521 vehicles, up 25 per cent from the same period last year.

Toyota China chairman Daro Ueda announced that Toyota China sales target for 2020 is 1.76 million vehicles, a growth rate of about 8.6%. At the same time, Toyota plans to increase its total production capacity in China to 2 million vehicles by 2020.

In conclusion, Volkswagen Group has won the championship in global sales in a row, which is closely related to its strong performance in the Chinese market, which confirms Volkswagen's success in China. Toyota is looking for a new way of growth in the Chinese market, with a growth rate of 9% faster than the overall car market and Volkswagen in China. As Toyota's share of sales in China increases, it is expected to help it surpass Volkswagen Group in the global market.

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