Reuters · China · Japan · Nation Thailand
Toyota sales fall again as Middle East, China drag demand
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Toyota Motor Corp reported a third consecutive monthly fall in global sales in April, as sharp declines in China and the Middle East outweighed a rebound in Japan and pointed to growing pressure on the world’s largest automaker.
Key facts
- Sales of Toyota and Lexus vehicles fell 3.1% year on year to 849,306 units in April, while broader global sales including subsidiaries Daihatsu and Hino dropped 3.7% to 902,015 vehicles.
- Middle East sales plunged 33.7% to just over 31,000 vehicles, while sales in China dropped 25.4% amid tough market conditions
- In the United States, Toyota’s largest market, sales slipped 4.6%.
- Domestic sales rose 24.2% after earlier purchase delays ahead of a change in environmental tax rules, helping soften the impact of weaker overseas demand.
- Toyota and Lexus global production rose 2.0% in April from a year earlier, supported by a 12.9% increase in Asia that helped offset declines in the United States and Japan.
- The broader Toyota group, including Daihatsu and Hino, produced 933,685 vehicles in April, up 3.4% year on year, according to figures reported from the company’s monthly data.
Summary
Sales of Toyota and Lexus vehicles fell 3.1% year on year to 849,306 units in April, while broader global sales including subsidiaries Daihatsu and Hino dropped 3.7% to 902,015 vehicles.
The decline reflected weaker demand in several key overseas markets. Middle East sales plunged 33.7% to just over 31,000 vehicles, while sales in China dropped 25.4% amid tough market conditions. In the United States, Toyota’s largest market, sales slipped 4.6%.