Toyota Receives Sales Lead From Volkswagen

The Japanese auto makers have now managed to make the most sales in the past three quarters, beating the record previously made by Volkswagen.

Following the scandal that shook up its auto business in the industry, Volkswagen has found itself in some serious issues which is why the giant’s control has now been shifted over its global sales lead to auto giant Toyota Motors. The German auto maker has been working its way up in the global market for the past three months but due to the scandal of emission that shook up the company on a massive scale, the lead of the global sales was gladly taken by rival giant. The strong sales report which Toyota business recently rolled out showed that the smart car maker sold a huge 7.49 million vehicles in the first nine months of the year, and in the same time period Volkswagen reported a sales figure of 7.43 million, which shows that the difference with which the Japanese auto makers won the game was considerably a huge one. The third highest sales in the past three quarters were made by General Motors, which released a sales figure of 7.2 million cars. Analysts in the auto industry are of the opinion that since Volkswagen is clearly out of the game, rivals Toyota and GM now have the opportunity to take advantage of the situation and hike up their sales by capitalizing in the right manner so as to increase their production and sales for the customers who have been let down by the German giant. Volkswagen is apparently going through a very tough time with the authorities, as it was recently found to be carrying out a cheat business because of which a lot of A class lawsuits have also been filed against it, along with some unavoidable fines which is sure to bring the company down on many levels. The auto company is not facing trouble with only a single regulator, but it has found itself to be answerable to a number of them, which is only bringing the company lower than the high position it once enjoyed in the auto making competition. According to Bloomberg’s report on the company’s scandal, it was reported that there are around 325 lawsuits that have been filed against the hybrid car makers in the United States alone, which means that the trouble being faced by the company is on a colossal level and is to grow even more in the other countries where the auto giant seems to be selling off its cars in.