Toyota's global production falls for 10th month despite rising sales

Toyota’s global production declined for the 10th consecutive month in November, down 6.2% year-on-year. However, the automaker saw a 1.7% increase in worldwide sales, marking the second consecutive month of growth.

Toyota Motor's global production decreased by 6.2% in November, reaching 869,230 vehicles, marking a larger decline than the previous month. Despite this, the company’s global sales rose by 1.7%, reaching 920,569 vehicles, setting a new November record. The growth was driven by solid demand in the U.S. and China.

In the U.S., Toyota’s production fell by 11.8%, though production of the Grand Highlander and Lexus TX SUV models resumed after a four-month stoppage. In China, production dropped by 1.6%, an improvement over the previous month's 9% decline, bolstered by higher sales of the Granvia and Sienna minivan models, as well as the electric sedan bZ3, developed with BYD.

In Japan, production was down 9.3%, partly due to a two-day production halt at its Fujimatsu and Yoshiwara plants. Meanwhile, Toyota plans to establish a new plant in Shanghai to manufacture electric vehicles for its Lexus brand by 2027, amid increasing competition from BYD and other Chinese brands.

For the year-to-date period, Toyota's global output was 5.2% lower, with sales down by 1.2%, but the automaker remains focused on recovery and expansion in key markets.

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Toyota Sales BYD