The Volkswagen Group is getting closer to Toyota thanks to its strength in China.
Bloomberg News announced today that the Volkswagen Group, boosted by strong sales in China and despite a marked slowdown in the US, is catching up with market Toyota Motor Corp. for the much coveted annual global crown. Relating Bloomberg’s calculations, Automotive News said VW Group’s deliveries through September, including the Porsche and Audi luxury divisions and MAN and Scania heavy-truck units, trailed Toyota’s by 72,000 vehicles compared with 227,000 a year earlier. Both Toyota and VW plan in excess of 10 million deliveries in 2014, and for now VW is up 5% year-on-year over the first 9 months of 2014 to 7.54 million cars and trucks vs. 7.62 million vehicles (+2.8%) for Toyota, including the Daihatsu minicar and Hino truck brands. The difference is roughly equivalent to the 72,499 light trucks that Toyota sold in the U.S. last month. VW doesn’t sell trucks there. In third place, General Motors gets distanced with a 2% increase to 7.37 million vehicles.