Volkswagen may overtake Toyota by Q1 end

For a long time it seemed that Toyota’s position as the world’s biggest carmaker was virtually unassailable, but now industry analysts are predicting that for the first quarter of 2009, the Volkswagen Group may have finally overtaken the Japanese carmaker in volume.

While the results are not yet in for the first three months of this year’s sales, the race is expected to be fairly close. VW delivered close to 1.4 million vehicles in the first quarter, a fall of over 10% from the previous first quarter last year, however, the numbers still represent a significant gain in overall market share considering how rapidly the market for new cars has shrunk.

Toyota, meanwhile, will not be releasing official figures until next week, but the Japanese car giant’s own estimates figure that it will sell a little over 1.2 million units - a drop of almost 50% compared to the first quarter of 2008.

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