Automobile Industry

VW Slips To 3rd, Renault-Nissan Trail Toyota In World Rankings

Renault Nissan Alliance

Renault-Nissan Alliance is the second largest automaker globally, right behind Toyota that has reclaimed zenith by toppling Volkswagen.

Rising above all odds, the Renault-Nissan alliance is proving to be one of the most successful collaborations of all times. This symbiosis is now reaping benefits not just on domestic front but also on the global level. Based on the data released by auto makers, Renault-Nissan Alliance is the second largest automaker globally, right behind Toyota that has reclaimed zenith by toppling Volkswagen. The data provided by Toyota shows a jump in growth by 7.8% with 3.53 million units sale until April 2017.The Renault-Nissan is marginally behind Toyota with 3.4 million units sold in the same period under review. It is to be noted that the alliance has witnessed a minor drop in sales (0.7%) compared to the same time last year.

With almost 200,000 units lapse in the sale of Toyota and Volkswagen, it is nearly impossible for VW to outnumber Toyota in global rankings. What interests us is the prospects of Renault-Nissan steering ahead of Toyota, since the difference in their sales is minor. If the alliance witnesses surge in sales, it is likely to exceed Toyota as the world’s largest carmaker.

Also Read – Volkswagen Beetle Might Be Discontinued

To Toyota’s relief, it is estimated to maintain pinnacle by the end of current calendar year. Please note that these projections are based on the sales data provided by the automakers for first four months in the current year. While the authenticated figures are underway as JATO Dynamics is accumulating data that is likely to be released soon. Hopefully, we will have clearer picture of global rankings after JATO Dynamics is done compiling the global top ten automakers based on registrations.

While the fast-paced Renault-Nissan is on its way to conquer the top spot globally, the alliance is performing well on domestic front as well on the back of its budget model Kwid. To derive maximum benefit from its stellar model, the company plans to roll-out heavily accessorized derivatives of the hatchback every six months.

Also Read: Volkswagen Group Planning to Sell Ducati

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