Nothing is permanent in life especially in business. And the recent development in the automotive industry aptly buttresses this assertion.
For several years now, Japanese car maker, Toyota has been the reigning champion in terms of car sales but the first half of 2015 has seen German brand, Volkswagen drinking from the champion’s cup by becoming the world’s largest car maker by sales while Toyota is now the second largest car maker by sales and GM third.
|Volkswagen logo. Image courtesy of CTV News.|
According to Reuters, the German group on July 17 reported 5.04 million deliveries in the first half year. By comparison, Toyota said on Tuesday it sold 5.02 million cars between January and June, a 1.5 percent decline on year-ago levels.
Toyota, due to announce first-quarter earnings next Tuesday, said sales were dragged down by a slowdown in emerging markets and increased taxes on mini vehicles in Japan.
I hope this will bring down the prices of Volkswagen vehicles so i can buy my choice.