30th August 2023 – (New York) Toyota Motor announced that its global sales for July reached a record high of 859,506 vehicles, marking an 8% increase compared to the same month last year. The Japanese automaker also reported a 15% rise in global production for July. These figures include sales of Toyota’s luxury brand, Lexus.
The positive sales and production numbers for July indicate Toyota’s continuous recovery from the supply chain disruptions and COVID-19-related challenges experienced last year. The company has achieved year-on-year increases in global sales for six consecutive months and in production for seven months.
However, Toyota’s August figures are expected to be impacted by a system malfunction that forced the suspension of output at all of its domestic assembly plants. The company is restarting operations at its Japan assembly plants after resolving the glitch, which prevented component orders. Toyota has stated that the issue was not caused by a cyberattack and is currently investigating the root cause.
While Toyota experienced a 15% decline in sales in China in July, it reported stronger sales in Japan, the United States, and Europe. Domestic sales in Japan saw a notable increase of 35%, while sales in the U.S. rose by 8%.