Toyota sales fall 6.4 percent

Toyota Motor Corp reported a 6.4 percent decline in global sales for August 2021, marking two consecutive months of decreased sales, according to the world's largest automaker by volume. The company's sales in August were 790,743 units, a drop from 841,611 units the previous year. Global production also fell 5.9 percent from the previous year, reaching 700,860 vehicles in August, with the decline occurring for the second consecutive month.

This was due to reduced operating days in some countries. Toyota's overseas sales experienced an 8.4 percent decline, falling to 685,676 vehicles, marking the seventh consecutive monthly decrease. China witnessed the most significant impact, with sales dropping 22.8 percent to 118,449 units, as the gasoline vehicle market remained sluggish.

In contrast, Toyota's sales in the United States decreased by 4.4 percent to 215,556 cars, while Europe saw a 2.6 percent sales increase to 78,527 vehicles. Despite the challenges in China, Toyota's sales in Japan surged 9.1 percent, reaching 105,067 units, marking the fifth consecutive monthly increase. This growth was primarily driven by strong sales of new models, such as the RAV4 sport utility vehicle, the bZ4X electric vehicle, and the Land Cruiser FJ.

The Middle East faced a 37.5 percent sales decline to 32,600 vehicles, but Toyota's exports to the region grew by 31.0 percent to 24,411 cars, indicating a potential easing of tensions' impact on the region.