Toyota boosts global car sales in SeptemberOctober 29, 2020
Even in the face of the COVID-19 crisis that erupted earlier this year, Toyota is supporting corporate action by implementing comprehensive infection prevention measures and working closely with business partners, including suppliers and dealers.
In September, both global sales and global production recovered and surpassed the level of the previous year. The September results were driven mainly by sales in the US and China, while global sales were up about 2% overall year-on-year.
The market as a whole is on a rebounding trend, with sales of Camry, RAV4 and Lexus models being strong, up 16% year-over-year. In China, the world’s main market, the positive sales were mainly driven by the Corolla, Levin and a number of others, and as a result, sales grew by about 25% year on year.
From April to September, global sales fell by about 19%, beating forecasts. At the same time, sales of new Toyota cars in April-June decreased by about 40%, in July-September – by 15%, October-December – by 5%, and from January to March they grew by about 5%. Sales were expected to return to the previous year’s level from the end of this year to early next year.
September’s results were driven mainly by manufacturing in China and Japan, where production rose about 12% year-over-year.
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