Toyota Motor (7203.T) said on Monday that higher demand in Europe, North America, and Japan drove up global output to 900,919 vehicles in September, up 1.5% from the same month last year.
The Japanese automaker’s domestic production increased 12.8% from a year ago, offsetting a 3.6% fall in international output. Domestic production made up slightly over a third of the vehicles it manufactured during the month.
September saw an 11.6% increase in global sales to 921,308 vehicles, according to the largest carmaker in the world based on sales.
For the month, both its production and sales records were broken. Over 7.5 million Toyota cars have been sold in the first nine months of this year.
Its premium Lexus brand is included in the numbers. In September, domestic sales increased by 20.5%, while sales in the US increased by 14% and in Europe by 18.1%.
On the other hand, as a result of more challenging economic conditions, September output and sales decreased in Thailand, Indonesia, and Vietnam.
Toyota announced an almost 7% reduction in output in China, the largest car market in the world, despite marginally higher year-over-year sales.
Toyota’s September production boost, which was mostly due to increased output in Japan, is indicative of the company’s dedication to efficiently satisfying market needs. It showcases Toyota’s adaptability and reactivity in a changing automotive environment where the emphasis is growing on electric and fuel-efficient cars.
This development is a trend to keep an eye on in the upcoming months since it might have significant effects on the automobile sector.
