Toyota Global Sales: Ideas Later.

Toyota global sales, output in Aug. fall for 2nd month on weak China demand

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NAGOYA (Kyodo) -- Toyota Motor Corp. said Tuesday its global sales fell 6.4 percent from a year earlier to 790,743 units in August, marking the second straight month of decline, due to weak demand in China amid rising gasoline prices stemming from the Middle East conflict.

Global production dropped 5.9 percent from the previous year to 700,860 vehicles in the reporting month, also down for a second straight month, as some countries had fewer operating days, according to the world's largest automaker by volume.

Toyota's overseas sales slid 8.4 percent from a year earlier to 685,676 cars, marking the seventh consecutive monthly drop, with sales in China sinking 22.8 percent to 118,449 units, as the gasoline vehicle market, including gas-powered and hybrid cars, remained sluggish, the automaker said.

Sales in the United States stood at 215,556 cars, down 4.4 percent, while Europe saw a 2.6 percent growth in sales to 78,527 vehicles.

Sales in Japan, however, jumped 9.1 percent 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 percent plunge in sales to 32,600 vehicles, but Toyota's exports from Japan to the region grew 31.0 percent 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 percent to 496,373 vehicles, down for the fourth straight month, with output in China falling 11.3 percent to 111,154 cars.

Domestic output dropped 1.7 percent to 204,487 units, marking the first decline in four months, the company said, citing production disruptions caused by the magnitude-7.1 quake that hit Kumamoto Prefecture in southwestern Japan in July and typhoons.

Meanwhile, global sales by Japan's eight major carmakers, including Toyota, declined 4.6 percent in August from a year earlier to 1.85 million units, with five posting declines mainly due to weak sales in the Chinese market.

Sales by Honda Motor Co. sank 9.2 percent to 263,015 units, with China, where the rollout of new models has lagged, seeing a 49.8 percent plunge in sales. Nissan's sales fell 17.5 percent to 207,162 cars, dragged down by a 51.9 percent slump in China.

Suzuki Motor Corp., on the other hand, saw a 19.3 percent jump in sales to 286,359 vehicles, a record high for the month, driven by strong sales in India, where demand is growing following a cut in the Goods and Services Tax, a levy similar to Japan's consumption tax.

Global output by the eight carmakers fell 4.1 percent to 1.74 million units, while their domestic production dropped 5.9 percent to 487,195 vehicles.

Article source:   https://mainichi.jp/english/articles/20260929/p2g/00m/0bu/063000c