Overview
- Toyota reported a fourth straight month of year-on-year global sales decline in May, with total sales down about 7% to roughly 834,000 units.
- Overseas sales fell faster than domestic, dropping about 9.6% as China sales plunged roughly 32% to near 102,000 vehicles and China production fell about 23%.
- Exports from Japan to the Middle East collapsed, down about 66% to roughly 7,300 vehicles, a fall Toyota links to logistics problems from the regional conflict.
- Global production fell about 5.5% to roughly 765,000 cars, driven by weaker overseas output while domestic Japanese production rose on new model launches.
- Stronger sales in Japan and India, supported by new models and tax cuts, are partially offsetting losses but the swings in China and Middle East trade could weigh on Toyota’s near-term profit and supply plans.