JATO Dynamics has released the global sales report for the past year, with 79.4 million new vehicles sold worldwide. This figure represents a two percent decrease compared to 2021 for major markets such as North America, Europe, and China. Meanwhile, markets like India, the Middle East, Southeast Asia, and Africa have seen an increase in sales.
However, the most intriguing information from the report is not related to market share. According to JATO’s data, the best-selling model worldwide is the Toyota RAV4, with over one million units delivered to customers. 43 percent of these were in the United States (US) and Canada.
Following closely is the Toyota Corolla with approximately 992,000 units sold last year, while the Tesla Model Y takes the third spot with 747,000 units in sales.
Overall, out of the top 10 best-selling models globally, five of them are Toyotas. Ford, Nissan, and Honda each have one model, while Tesla represents two models.
Looking at the above figures, it’s not surprising given that Toyota was the largest producer last year in terms of sales numbers. Toyota vehicles accounted for 13 out of 100 passenger cars purchased worldwide.
The Japanese manufacturer also recorded a 0.3 percent sales increase due to high demand from China, which is now the largest market ahead of the US and Japan.
Volkswagen Group is the second largest automotive conglomerate in the world, despite a 10 percent decrease in sales. Hyundai-Kia holds the third position, followed by Stellantis and General Motors.
The JATO report also highlights the fastest-growing automotive manufacturer, BYD. The Chinese company accounts for 1.5 percent of global sales and has now increased to 2.42 percent. The brand is now the second largest electric vehicle (EV) producer in the world after Tesla.
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