Toyota August sales, production fall for second straight month
TOKYO: Toyota Motor said on Tuesday its global vehicle sales and production fell for a second straight month in August, as declines in China, the US and the Middle East persisted after dragging down results in the prior month. The world’s biggest automaker saw global sales fall 6.4% from a year earlier to 790,743 vehicles and production drop 5.9% to 700,860 vehicles. A 22.8% plunge in China…
Toyota Motor reported on Tuesday that its global vehicle sales and production experienced a second consecutive monthly decline in August, as sales continued to decline in China, the United States, and the Middle East, following a decline in the previous month. The world's largest automaker saw a 6.4% year-over-year drop in global sales, falling to 790,743 vehicles, and a 5.9% year-over-year decline in production, reaching 700,860 vehicles.
A 22.8% plunge in China led to a seventh consecutive monthly decline in sales, as higher petrol prices dampened demand for hybrid and traditional combustion-engine vehicles. In the United States, Toyota's top market, sales fell 4.4%, while in the Middle East, they plummeted by 37.5%, despite a 9.1% rise in Japan. Production was negatively impacted by an 11.3% decline in China and a 6.6% drop in the United States.
Output in Japan decreased by 1.7%, partly due to the impact of production suspensions following an earthquake on the southern island of Kyushu. Toyota's figures encompass its luxury Lexus brand.
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