Toyota’s global output falls for ninth month, but sales rise 1.4% to set October record

Toyota’s global output fell for the ninth month in a row in October, primarily due to lower production in the U.S. and China. However, the automaker saw a 1.4% rise in global sales, reaching a record 903,103 vehicles for the month.

Toyota Motor’s global output fell for the ninth consecutive month in October, driven down by significant declines in production in the United States and China, though the drop was less severe compared to previous months.

The world’s largest carmaker also saw its first increase in global sales in five months, with a 1.4% rise to 903,103 vehicles, setting a record for the month of October.

On Thursday, Toyota reported producing 893,164 vehicles globally, a 0.8% decrease, compared to an 8% decline in September. Production in the United States fell by 13%, impacted by a four-month halt in the production of the Grand Highlander and Lexus TX SUVs due to an airbag issue. Production of these models resumed on 21 October, and output at the company’s Indiana plant is expected to return to normal by January.

In China, where competition from local brands remains strong, output dropped by 9%. Toyota also produced 13% fewer vehicles in Thailand due to weak demand. In Japan, which accounts for about a third of Toyota’s global output, production rose by 8%, recovering from weak figures a year ago when an accident at a supplier’s facility caused partial production halts at several plants.

In Canada and Mexico, output increased by 2% in both countries.

The production and sales figures include vehicles from Toyota's luxury Lexus brand but exclude group companies Hino (7205.T) and Daihatsu. 

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