Toyota global sales up 2.2% in Aug. on solid US demand
TOKYO (Kyodo) -- Toyota Motor Corp. said Monday its global sales in August rose 2.2 percent from a year earlier to 844,963 units for the eighth straight month of increase, boosted by solid demand in the U.S. and other overseas markets.
Global production climbed 4.9 percent to 744,176 vehicles, the world's largest automaker by volume said, increasing on year for the third consecutive month on the back of strong sales of hybrid vehicles.
Toyota's overseas sales set a new record for August, rising 4.4 percent to 748,694 units, with sales in the United States growing 13.6 percent to 225,367 units, thanks to robust demand for hybrids despite higher tariffs imposed by President Donald Trump.
Among other regions, sales in China edged up 0.9 percent to 153,415 units, thanks to the effects of the government's subsidies for purchases of environmentally friendly vehicles and strong demand for its new electric vehicle model, the automaker said.
In contrast, domestic sales dropped 12.1 percent to 96,269 units, affected by delayed deliveries due to output suspensions following tsunami warnings and advisories issued after a powerful earthquake off Russia's Kamchatka Peninsula.
Toyota said production in the United States grew 19.0 percent to 126,081 units, but that in China declined 8.2 percent to 125,383 units. Domestic output increased 12.0 percent to 207,990 units, helped by a rebound following a certification scandal last year.
The struggling Nissan Motor Co., which has been undertaking major restructuring to turn its business around, also saw production for the month edge up 0.8 percent from the previous year to 237,941 units, lifted by the popularity of its N7 electric vehicle in China.
Meanwhile, the country's second-biggest automaker Honda Motor Co. reported its 13th consecutive month of output decline with a 13.0 percent drop to 267,005 units due to stiff competition in China, Indonesia and Malayasia.
Suzuki Motor Corp. said production shrank by 5.2 percent to 241,749 units, its seventh straight month of decrease, and Mitsubishi Motors Corp. saw its output fall 10.9 percent to 59,372 units.
Total global production by the eight major Japanese automakers fell 2.0 percent to 1,816,107 units, while their worldwide sales slipped 1.7 percent to 1,945,064 units.
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