Business & Economy

Toyota’s global sales fell 5.1% last year

Tokyo, Apr 28 (EFE) .- Global vehicle sales of Toyota Motor, Japan’s largest vehicle manufacturer, fell by 5.1 percent last fiscal year to 9.9 million units due to the drop in demand due to the pandemic, the company announced Wednesday.

In the previous fiscal year in Japan, between April 2020 and March, the Japanese motor leader reduced its production by 8.9 percent, to 9.4 million units.

These figures, which also include the sales and production of affiliated firms Daihatsu and Hino, reflect the impact of the coronavirus pandemic on the sector, which has also been noted by other Japanese manufacturers such as Nissan and Honda, in addition to their international competitors.

Of Toyota’s global sales volume, 7.7 million units were placed outside Japan, and another 2.2 million in the domestic market.

Toyota Motor published its sales and production figures Wednesday for the last fiscal year, two weeks before the presentation of its financial results for that same period.

The manufacturer based in Aichi (central Japan) also published its sales figure for March, which advanced by 44.2 percent year-on-year to the record level for that month of 982,912 units, mainly due to the strong rebound in markets from the United States and China.

Last January, Toyota also released its sales volume for calendar year 2020, which fell 11.3 percent year-on-year to 9.53 million vehicles.

Despite the decline in sales caused by the pandemic, the first year-on-year in five years, the Japanese manufacturer became the global leader in the sector in 2020, surpassing German rival Volkswagen. EFE


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