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Toyota Remains World's Biggest Automaker

Motor Trend logo Motor Trend 1/22/2015 Megan Stewart
2015 Toyota Prius C© Provided by MotorTrend 2015 Toyota Prius C

For the last two years, Toyota has held the title of the world's biggest automaker, and for 2014, it once again claims the title with sales of 10.23 million units. This is the first time that Toyota has broken through the 10 million unit mark.

Toyota narrowly beat out Volkswagen Group, which boasted sales of 10.14 million units. General Motors took third with 9.92 million units sold. While Toyota may have claimed victory this year, the automaker is expecting a sales decline in Japan, which could open the doors for its German and American competitors.

However, Volkswagen isn't sitting idly by and has put a plan into motion to become the world's biggest automaker by 2018. And while the company originally estimated to sell 10 million units by that year, the German automaker is ahead of schedule after the 2014 sales numbers were announced.

Even with the expected sales slump, Toyota expects sales in other markets to increase, but it may not be enough to hold on to the title. Domestic sales for the company will fall thanks to the Japanese government raising the national consumption tax and falling oil prices. The automaker will rely heavily on U.S. demand and production to keep a steady sales pace.

Source: Automotive News (Subscription required)

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