Toyota sold 10.5 million vehicles in 2022, defending its title as the world's best-selling automaker for the third straight year, Reuters reported.
The company's global sales, including its Hino Motors truck division and small-car maker Daihatsu, fell 0.1% as record overseas sales of 8.6 million vehicles helped offset a 9.6% drop in its home market to 1.9 million vehicles.
The second-place Volkswagen Group earlier this month reported its lowest sales in more than a decade at 8.3 million vehicles as COVID-19 blockages in China and the situation around Ukraine disrupted supply chains.
Although some chip-related supply constraints persisted for Toyota, the Japanese automaker said strong demand in Asia, increased production capacity and streamlined production in Asia and North America helped it increase global production by 5 percent in 2022.
Toyota in November revised its production forecast for the current fiscal year through the end of March to 9.2 million vehicles from 9.7 million.