Japanese automaker Toyota Motor Company’s global production declined for the tenth month in a row in November, despite its global sales growing for the second month in a row thanks to rising demand in the United States and China.
Toyota, the world’s largest automaker, produced 869,230 cars globally in November, a decrease of 6.2% compared to the same month last year.
This represents a larger decline than the 0.8% decline in October.
Slow recovery
Toyota’s production in the United States fell to 11.8%, reflecting a slow recovery despite the resumption of production of the Grand Highlander and Lexus TX SUV models in late October after a 4-month hiatus.
Production in China decreased by 1.6%, however, the percentage is an improvement from the 9% decline in the previous month, as Toyota witnessed an increase in domestic sales.
With the rise of BYD and other Chinese brands, Toyota has decided to build an independent factory in Shanghai and start manufacturing electric cars for its luxury brand Lexus by 2027, the Nikkei newspaper reported on Monday.
In Japan, which represents about a third of Toyota’s global production, production decreased by 9.3% last month, and one of the reasons for this was the stoppage of production for two days at the Fujimatsu and Yoshiwara factories.
Toyota’s global sales witnessed an increase for the second month in a row by 1.7% to 920,569 vehicles, achieving a new record for the month of November.
In the period from January to November, Toyota’s global production fell by 5.2% compared to the same period last year, at about 8.75 million cars, and global sales fell by 1.2%.
Production and sales figures include Toyota’s Lexus vehicles, but exclude Hino and Daihatsu vehicles.
