First three months’ global sales result shows Toyota is the largest automaker of the world and Volkswagen is positioned at the third place after being beaten by Renault Nissan
From acquiring new brands to launching new models, Renault-Nissan alliance is growing fast and now it has become the second largest automaker in the world beating the Volkswagen AG. The German brand finished 2016 being on top of the list, but in the first three months of 2017 trend shows that it dropped two places and ranked at third after Toyota and Renault-Nissan.
While Toyota and Volkswagen AG being at the top 3 is nothing new, Renault-Nissan’s rise to the second spot is certainly amazing, and this improvement has earned it the title of dark horse. In the first three months of 2017, Renault-Nissan alliance’s global sales result stands at 2,658,019 units marking a 13.10% growth over the same period in 2016. In March 2017 along, it registered 985,530 units of sales globally marking 10.10% growth.
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Interestingly, India played a major role in the alliance’s growth, as the country is one of the top five markets for the automaker. The French automaker has received tremendous success in the country with its Kwid hatchback and Duster too. Currently the brand is gearing up to launch more models in the country.
Toyota on the other hand has registered 993,024 units in March this year marking 4.30% growth over the same month last year. It registered 2,707,251 units in the first three months of this year. Volkswagen’s sales in the first three months of 2017 have dipped by 0.50% over the corresponding months in previous year. In March 2017, it registered 990,900 units of sales marking a 2.50% growth over the same month last year.
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Acquiring Mitsubishi has played major role in the uprising of the Renault-Nissan alliance and now it is targeting the top spot, currently held by Toyota. Volkswagen on the other hand, has lost a major chunk of sales number due to the sales decline of Golf. The car has lost the position of bestselling car in Europe to the Ford Fiesta. The general declining trend of diesel car sales have impacted on Golf and VW’s overall sales as well.
However, as Volkswagen Golf is nearing towards getting a new generation model, the car could be back on top in near future. And the change in position could be temporary as well. But, it should be noted too that Renault-Nissan is gearing up to boost its sales with the Mitsubishi under its belt.
Source: JATO