[Understanding Car Emperor Original Industry] On December 26, Toyota Motor announced its latest production and sales data. In November, global production of Toyota was 833,104 units, a year-on-year increase of 1.5%. So far, Toyota's global production has maintained year-on-year growth for 4 consecutive months and reached a record high in November. Toyota's global sales reached 796,484 units in November, a slight increase of 2.9% year-on-year, achieving positive growth for four consecutive months.
Toyota's global production and sales maintained growth in November 2022
Toyota said that overseas production increased by 3.8% in November to 566,930 vehicles, a record high for November. Among them, North America increased by 5.9%. Due to the shortage of parts and components in the Chinese market due to the COVID-19 epidemic, production fell by 11.1%. Overseas sales in November increased by 4.4% to 686,499 units, of which the North American market increased by 11.0%. In the Chinese market, sales fell by 18.4% due to restrictions on sales stores due to the spread of the epidemic.
Previously, Toyota had lowered its global production target for the 2022 fiscal year from the previous 9.7 million vehicles to 9.2 million vehicles due to factors such as chip shortages. Regarding Toyota's latest production situation, understands car emperor will also keep an eye on it.
