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Toyota Sales Fall for Seventh Straight Month on China Slump
- Toyota Motor reported on Tuesday global sales fell 6.4% to 790,743 vehicles and production dropped 5.9% to 700,860 vehicles in August, marking the second consecutive monthly decline.
- A 22.8% plunge in China dragged sales down for a seventh consecutive month, as Toyota grapples with mounting competition from local electric-vehicle makers and weak demand for combustion-engine vehicles.
- Sales in the United States fell 4.4% to 215,556 cars, while the Middle East saw a 37.5% slump to 32,600 vehicles; Toyota's exports from Japan to the region grew 31.0% to 24,411 cars.
- Domestic sales in Japan jumped 9.1% to 105,067 units, marking the fifth straight monthly increase, while Europe saw 2.6% growth to 78,527 vehicles amid robust demand for new models.
- Following a 7.1-magnitude earthquake in Kumamoto Prefecture and recent typhoons, domestic output fell 1.7% to 204,487 units, marking the first decline in four months.
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Toyota sales sink after a new hit on the Chinese market
·Madrid, Spain
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Free Malaysia Today NewsToyota car sales fall for seventh straight month on China slump
Toyota and its peers are contending with a shrinking market in China Read more at The Business Times.
·Singapore, Singapore
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Toyota August sales, production fall for second straight month - Regional Media News
TOKYO, Sept 29 (Reuters) - Toyota Motor said on Tuesday its global vehicle sales and production fell for a second straight month in August, as declines in China, the US and the Middle East persisted after dragging down results in the prior month.
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