Due to the strong demand and improving supply conditions, Toyota’s global sales increased by 8.3% from April to September compared to the same period last year, reaching a record 5.6 million vehicles. This puts the largest automaker in the world on track for further robust gains in the coming year.
The automaker said in a statement that its global production, which includes subsidiaries from Japanese manufacturers Daihatsu and Hino, increased by 10% to a record 5.7 million units in the first half of the fiscal year.
- Car sales under the Toyota and Lexus brands increased by 22% in Africa, the most of any region.
- The Middle East saw a similar increase, at 17%.
- North America saw a 9.4% increase.
- Europe saw a 7% increase.
- Toyota’s sales increased by less than 1% in China as more consumers opted for EVs.
- Sales for the carmaker increased by 34% in Japan as semiconductor supply constraints subsided.
However, outside of Japan, sales were rather weak in several regions of Asia, partly because of slowing economies in Thailand and Indonesia.