Thursday, July 28, 2016

Toyota Sales Drop Behind VW

From Bloomberg...
Toyota Motor Corp. lagged behind Volkswagen AG by global deliveries in the first half of the year, as demand for the newly redesigned Prius hybrid slumped in a U.S. market dominated by trucks and sport utility vehicles. 
Worldwide deliveries fell 0.6 percent to 4.99 million vehicles in the six months through June, Toyota said in a statement. Volkswagen’s sales climbed 1.5 percent to 5.12 million units in the same period.
One of the interesting things here, amongst many is how VW can increase sales even during the time which it is coping with the emissions cheating scandal. Apparently nothing can deter people from buying VWs.

Add in low gas prices, still at the lowest in years, depressing Prius sales and production disasters and you've got a near perfect storm that result in sales which knock Toyota from their four year stand at the top of global sales.

Still all, selling nearly five million vehicles in six months isn't exactly cry me a river territory.