This Automaker Is Set To Overtake Toyota As The World’s Largest Automaker

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Volkswagen Group is in a good position to become this year's as the world's largest and best-selling automaker. VW Group has sold 7.61 million vehicles as of September 2016, an increase of 2.4 percent compared to same period last year.

Toyota who has been leading as the largest automaker all the while for four yearswitnessed an increase in sales of 0.4 percent for the period. The Japanese company shipped nearly 7.53 million vehicles.

VW Group's success has been tremendous in spite of the diesel gate scandal that it was embroiled in to. The company's sales accelerated in the third quarter of 2016.

In the first two-quarters, the German automaker sales grew at 1.5 percent shipping 5.12 million vehicles. It's only in the third quarter that VW surged ahead in its sales.

Toyota on the other handactually outpaced that growth with 10 percentage points from a slide of 0.6 percent. However, it would be difficult for Toyota and a small consolation as it faces losing its number one position.

VW Group's sales dropped in some of the markets because its diesel gate scandal; however, it is looking bright and clear that the company is set to overtake Toyota.

Toyota sells the most compared to VW in the U.S., but in China, the largest automobile market in the world, VW sells three cars for every car Toyota sells.

At the end of September, VW reported an increase in sales of 11 percent in China, that is up to 2.58 million vehicles.

Toyota's fortunes have not been helped by issues suffered by some of its suppliers. In February, an explosion at a steel supplier caused Toyota's Japanese manufacturing plants to shut for a week.

This is was added by another issue when another supplier's facility was damaged by an earthquake. Also, with decrease in fuel prices led to fall in demand of the Prius hybrid model in the U.S.

VW is not far off on sales, the brand suffered adecrease in sales due to Diesel Gate; however, the numbers for the VW Group's have been aided by strong demand for Audi, Porsche, and Skoda.

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