Toyota Motor Corp. group retained its crown as the world's biggest automaker by sales volume for the fifth consecutive year in 2024, helped by robust sales of hybrid vehicles, according to data it released Thursday.

Toyota Motor (NYSE:TM) continued to be the top-selling automaker for the fifth year in a row despite selling fewer cars. It sold 10.8M vehicles in 2024, down 3.7% from a year ago. The decline was driven by weaker sales in Japan in the wake of governance issues,

According to the recently released vehicle sales report by IJG Research, a total of 12,808 vehicles were sold last year, with Toyota leading the market in new passenger and light commercial vehicle sales.