Record 10 million Toyota vehicles sold in first quarter

April 24, 2014 10:31 am

The world’s biggest carmaker, Toyota announced it has sold over 10 million vehicles in the year to March for the first time, with last-minute buying ahead of a sales tax increase at home helping it break the key level, AFP has reported. The firm said it shifted 10.13 million units in the 12 months to the end of March, a rise of 4.5% year-on-year and likely setting an industry record. “Rush demand ahead of the consumption tax increase in April this year led to strong sales in Japan for us,” a Toyota spokesman said.