Sales up 9% from the previous year… Production 13%↑
Japan’s Toyota Motor Company’s global production and global sales in the first half of fiscal 2023 (April to September) both exceeded 5 million units for the first time.
According to the Nippon Keizai Shimbun (Nikkei) and Jiji News Agency on the 30th, Toyota announced sales, production, and export performance for the first half of fiscal 2023.
According to the announcement, Toyota’s global sales were 5,172,387 units, a 9% increase compared to the same period last year. It reached an all-time high. It surpassed the previous year’s performance in just two years.
Among these, overseas sales were the largest ever at 4,382,219 units, an increase of 6% compared to the same period last year. It increased by 9% in North America and 7% in Europe.
In China, there was an impact from economic policies, but sales of hybrid vehicles (HVs) increased and remained at the previous year’s level. In Asia, sales in Thailand and Indonesia fell compared to the previous year, but in India they jumped by 24%.
Domestic sales in Japan increased by 34% to 790,168 units. This is the first time in two years that the previous year’s performance has been surpassed.
The world production number was 5,058,248 units, a 13% increase from the same period last year. This is the first time that global production exceeds 5 million units on a semi-annual basis. It was the largest ever on a half-year basis.
As issues such as COVID-19 and semiconductor supply shortages were resolved, the number of production units increased significantly.
Among these, the number of overseas production units increased by 5% to 3,365,709 units. It was also the highest ever on a half-year basis. As the production capacity of factories in North America and elsewhere increased, the number of units produced increased.
However, in China, it decreased by 7% due to production adjustments due to exhaust gas regulations and sales competition with local companies. China’s production volume has fallen short of the previous year’s performance for the past five consecutive months.
Japan’s domestic production increased by 31% to 1,692,539 units, surpassing the previous year’s production for the first time in two years. In Japan, there was a lot of production of cars that used a lot of semiconductors, such as the luxury car Lexus.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.