Toyota Motor 7203.T sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world's top-selling automaker for a fifth straight year.

The automaker sold 10.8 million vehicles globally last year, retaining its position as the world’s top-selling carmaker despite weakness in Japan and China.

Americans bought 1.3 million electric vehicles in 2024, a new record. A late sales surge helped, as EV sales spiked 15.2% year-over-year in the fourth quarter.

Toyota Motor Corp. sold 10.8 million cars in 2024, a slight drop from the previous year but more than enough to protect its title against Volkswagen AG as the world’s biggest carmaker for a fifth consecutive year.

Toyota moved 10.8 million vehicles last year, making it the world’s largest automaker for the fifth year running and edging out its nearest competitor, the Volkswagen Group. While those results include all of Toyota’s brands,