Volkswagen appears to have narrowly retained its sales crown for 2017, fending off assaults by both Toyota and the Renault-Nissan Alliance, based on preliminary sales numbers.
The German automaker sold 10.7 million vehicles worldwide, according to in-house estimates, ahead of Toyota’s 10.35 million. If the VW numbers hold up when a final tally is reported it would mark the second year in a row that it nudged past its Japanese rival. But the Renault-Nissan Alliance also closed the gap last year and could be poised to challenge both VW and Toyota in 2018.
Despite VW’s strong global performance, a senior U.S. sales executive has tendered his resignation due to weak demand in that critical market last month. (more…)