Toyota global sales, production in August fall for 2nd straight month
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Toyota’s overseas sales slid 8.4% from a year earlier to 685,676 cars, marking the seventh consecutive monthly drop.
PHOTO: EPA
- Toyota's global sales in August fell 6.4% to 790,743 units, marking the second consecutive monthly decline due to weak demand in China amid rising petrol prices from Middle East conflicts.
- Global production dropped 5.9% to 700,860 vehicles, affected by fewer operating days and natural disasters like the Kumamoto earthquake and typhoons in Japan.
- Sales fell sharply in China and the Middle East, while Japan saw a 9.1% sales increase driven by new models; US sales declined and Europe experienced slight growth.
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Toyota Motor said on Sept 29 that its global sales had fallen 6.4% from a year earlier to 790,743 units in August, marking the second straight month of decline, amid weak demand in China and rising petrol prices stemming from the Middle East conflict.
Global production also dropped for the second straight month, down 5.9% from the previous year to 700,860 vehicles, as some countries had fewer operating days, according to the world’s largest automaker by volume.
Toyota’s overseas sales slid 8.4% from a year earlier to 685,676 cars, marking the seventh consecutive monthly drop, with sales in China sinking 22.8% to 118,449 units, as the petrol vehicle market, including petrol-powered and hybrid cars, remained sluggish.
Sales in the United States stood at 215,556 cars, down 4.4%, while Europe saw sales grow 2.6% to 78,527 vehicles.
Sales in Japan, however, jumped 9.1% to 105,067 units, marking the fifth straight monthly increase, largely helped by strong sales of new models, including the RAV4 sport utility vehicle, the bZ4X electric vehicle and the Land Cruiser FJ.
The Middle East saw a 37.5% plunge in sales to 32,600 vehicles, but Toyota’s exports from Japan to the region grew 31.0% to 24,411 cars, up for the second straight month, as the impact of the escalating tensions appears to have eased.
Overseas production, meanwhile, slipped 7.6% to 496,373 vehicles, down for the fourth straight month, with output in China falling 11.3% to 111,154 cars.
Domestic output dropped 1.7% to 204,487 units, marking the first decline in four months, the company said, citing production disruptions caused by the 7.1-magnitude earthquake that hit Kumamoto Prefecture in south-western Japan in July and typhoons. KYODO NEWS