Toyota Starts Year Strong as Supply Issues Ease
Says its production hit a record in first six months as sale rise.
Sales and production rose for the first time in two years for the Japanese brand.
IMAGE: Toyota
Toyota reported that sales results for the first half of the year rose - the first increase in two years - as the industrywide chip supply constraints eased in the wake of the pandemic.
The Japanese automaker said worldwide sales, production and exports were up year-over-year, sales by 5.1% to nearly five million units. That includes luxury line Lexus.
Sales in its home country surged 33% to over 878,000, while those in the U.S. fell 0.7% to a little more than a million.
Toyota said its global production reached a record high, up 12% to 4.9 million units on “solid” demand.
Exports rose 8.5% to more than 879,000 units, also the first increase in two years, it said.
Originally posted on Auto Dealer Today
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