Toyota is still a dominant force in the international market. According to a global sales research report by JATO Dynamics, five of the Japanese brand’s vehicles were in the top 10 best-selling cars in 2022.
The Toyota RAV4 scored the top spot with over a million sales recorded, with 43 percent coming from the United States and Canada. The RAV4 was followed closely behind by the Toyota Corolla sedan, the Toyota Camry, the Toyota Hilux, and the Toyota Corolla Cross, which were all in the Top 10.
The data doesn’t show which vehicle variants sold the most as they change from market to market, but you can use the sales data as a general guide.
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The JATO Dynamics research data confirms Toyota is the largest automaker in the world. Sales figures from the Japanese automaker were so good that according to the report, 13 out of every 100 cars sold in 2022 was a Toyota.
The automaker also saw a 0.3 percent increase in global sales thanks to its excellent performance in the Chinese market, now its largest market ahead of the US and Japan. This is despite the global 2% decline in new car registrations from 80.7 million in 2021 to 79.4 million new vehicles registered globally in 2022.
More than just Toyota sales
There is more to the data that JATO Dynamics published than Toyota’s dominance in the global market.
Its report also showed that the Volkswagen Group had a great showing as the second-best-selling automotive conglomerate in the world in 2022, even with its decrease in sales by 10 percent.
Following Volkswagen was Hyundai-Kia in third, followed by Stellantis and General Motors.
BYD on the rise
JATO Dynamics also reported that BYD was the fastest-growing manufacturer in 2022. The Chinese brand gained a 1.5 percent global share, more than what Toyota achieved, and this increased its total share to 2.42 percent of the worldwide market.
According to the sales data, the Chinese firm was also the second best-selling Battery Electric Vehicle (BEV) manufacturer after Tesla.
BEVs continue to be a growing segment worldwide, with a total of 7.37 million units sold in 2022. It represents a growth of 2.9 million units sold compared to 2021.
Battery Electric Vehicles make up 9.3 percent of the global automotive market, showing a steady shift to this kind of mobility.
JATO Dynamics is a research think tank that has been focusing on the automotive industry since 1984. It provides automotive market intelligence to its clientele and creates insight to assist brands and manufacturers in their decision-making.
What do you think about Toyota’s sales dominance and the ongoing surge of BEVs?
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Source: Toyota still leads global sales, Toyota RAV4 is best-selling car in 2022 – JATO Dynamics report
