Toyota retains world’s largest carmaker for 4th year in a row, BYD largest EV maker

Toyota Motor Corp. sold more passenger vehicles than anybody in 2023, cruising past Volkswagen to become the world’s top carmaker for a fourth consecutive year.

Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, rose 7.2% from the previous year to a record 11.2 million cars in 2023, the company said Tuesday.

Output, which refers to cars off the production line, grew 8.6% to 11.5 million units. Volkswagen’s deliveries increased 12% to 9.24 million units in 2023.