Volkswagen has produced and sold more cars than Toyota and General Motors in the first half of 2016, leading them to claim the title of world’s largest car manufacturer.
Despite the emissions scandal which is still going on, people are still selling cars online
and buying VW’s as their new ride.
VW’s production for the first six months’ of 2016 has been confirmed as 5,268,000, with Toyota producing 5,033,177 cars. GM’s figures are yet to be released, but it is known that they are smaller than the previous two makers.
These figures change slightly when car sales are added into the equation. Volkswagen Group sold 5,199,000, while Toyota sold 4,991,741 across their four brands, which includes Toyota, Daihatsu, Hino and Lexus. GM sold 4,760,000 cars in the same period.
It isn’t all good news for the German manufacturer, however, as VW’s operating profit dipped substantially compared to the same period last year, falling from £6.8 billion in the first half of 2015 to £5.3 billion in the same period of 2016.
Production has also dipped slightly, dropping by 0.6% compared with the first half of last year, equating to 46,000 fewer cars produced this year. In spite of this, overall sales increased by 2.1% or 109,000.
Toyota’s production increased by 0.4% in the first six months of the year, but their sales did fall by 0.6%.