Re: The Worldwide Automotive Industry: Sales, Trends, Top Sellers & Challenges Toyota sets new records for Global output, sales.
- Toyota Motor's (TM) global sales grew 8.3% year-on-year in the first half of their fiscal year to nearly 5.6 million vehicles, a new record for the largest auto company globally.
- Including subsidiaries, global production rose 10% to a high of 5.7 million vehicles.
- Demand for EVs and weakness in China's economy led to a mere 1% rise in sales in the Asian giant, which also impacted other automakers.
- The automaker sold 1.83 million electric, hybrid and other types of battery-driven vehicles, up 38.1%. Quote:
Toyota's sales grew on robust demand in Japan as well as overseas including North America and Europe. Its domestic sales soared 33.8% to 790,168 vehicles and overseas sales climbed 5.5% to 4.38 million units.
Toyota's electric vehicle sales jumped sevenfold to 58,984 units globally for the period after it launched new models to broaden its emissions-free lineup.
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Toyota and its Lexus brand sales increased by 22% in Africa, the highest growth of any region. The Middle East followed with 17% growth, followed by North America at 9.4% and Europe at 7%. However, economic slowdowns in Thailand and Indonesia contributed to relatively weak sales in some parts of Asia.
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