Toyota sales, production fall on sharp declines in China, Middle East
Toyota's global vehicle sales and production experienced a decline in July. Sales fell by 4.8 percent, while production dropped by 2.1 percent. A significant 24.3 percent plunge in China dragged overall sales down. Sales in the United States also ...

Toyota sales, production fall on sharp declines in China, Middle East
Global sales fell 4.8% from a year earlier to 856,125 vehicles, while production dropped 2.1%.
A 24.3% plunge in China dragged sales down, marking a sixth successive month of decline, as higher petrol prices weighed on demand for hybrid and traditional combustion engine vehicles, Toyota said.
Sales in the United States, Toyota's largest market, slipped 0.8%, while those in the Middle East dropped 44.5%, offsetting an 11.0% rise in Japan.
A sharp 32.7% drop in China and a 4.0% decrease in the United States pulled production down, despite a 12.4% rise in Japan.
Exports from Japan rose 10.2% from a year earlier to just over 196,000 vehicles, increasing for the third consecutive month and marking the highest level since October.
Toyota's figures include its luxury Lexus brand.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.