Toyota to build 9.2m vehicles in 2021

Japan’s Toyota Motor Corp told its main suppliers to prepare for a year of record production in 2021 as economies reopened.

According to a report in the Nikkei newspaper, the carmaker told its suppliers it was expecting to manufacture 9.2m vehicles, for about a 2% rise in comparison to 2019.

Toyota was expecting solid sales worldwide in 2020 as the rollout of coronavirus vaccines stoked demand, the newspaper added.

According to data from Focus2move, in 2020, Toyota Group was the second biggest automotive seller in the market, with 8.9m units sold. That pushed its market share up by one tenth of a percentage point to 11.1%.

Volkswagen Group was the market leader with 9.31m units sold (-14.5%) for a market share of 11.6%. In recent years, they had great global coverage while managing the brand portfolio quite well. The third position was taken by Renault Nissan Alliance with 7.95m units sold.