Toyota Global Production Decreased For the 10th Despite Growing Sales
On Wednesday, the Japanese carmaker said Toyota motors global production is down for the 10th month straight in November even though its global sales increased for the 2nd consecutive month on hardcore demand in china and the United States of America.
Toyota is the world’s biggest automaker and it manufactured 869,230 vehicles worldwide in the month of November but was down 6.2% from the same month last year and a bigger fall than October’s 0.8 dip.
The production of Lexus TX SUV and Grand Highlander models was resumed in late October after they paused for four month but Toyota U.S. output was poorly down 11.8%, while Chine production was down 1.6%.
The china dip was better than a 9% drop in the last month because there was higher local sales of the Sienna and Granvia minivan models and the electric sedan bZ3 which was jointly manufactured with BYD.
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According to Nekkei Newspaper’s report on Monday, Toyota has decided to build a plant independently in Shanghai to start developing electric cars for its Lexus brand around the year 2027 amid the rise of other Chinese and BYD brands hence the competition will be massive.
Japan contributes to Toyota’s third worldwide output and the production decreased 9.3% in November due to the pause of production in two days at it Yoshiwara and Fujimatsu plants.
Toyota set a new record for November after it saw the global sales rising for the second month by 17% to 920,569 vehicles.
Between the period January to November, Toyota’s worldwide production was 5.2% lower that that of last year at around 8.75 million vehicles while the worldwide sales decreased 1.2%.
All this output and sales numbers includes the Lexus brand but does not involve those of group companies Daihatsu and Hino.
