Toyota records September production high

Toyota, the world’s largest car producer, hit a record high for September production on both standalone and consolidated bases. It also achieved a significant monthly growth as a result of improved production in each region in response to solid demand, Kallanish learns from the company’s monthly report.

Standalone auto production, surged 12.8% on-month to 900,919 units, though it was just 1.5% higher than a year earlier. Of that, both domestic and overseas production hiked from the prior month, but were up 12.8% and down 3.6% on-year respectively to 310,920 and 589,999 units.

Japan and North America are the main ares to see growth because of solid demand and an easing of semiconductor shortages. However, a previous fire at a parts plant in Czechia and intense competition continued to impact European and Chinese production, leading to a yearly decrease of 27.6% and 6.7%.

Between January and September, standalone production rose 6.7% on-year to 7.57 million units. Trends continued with a huge gap, with production inside and outside of Japan rising 32.9% and 2.5% to 1.28m and 6.29m units respectively.

For consolidated production including Daihatsu and Hino Motors, the monthly figure also hit a high for September of nearly 1.04m units.

Year-to-date output gained 8.2% to 8.51m units. In the fiscal year-to-date starting from April, the figure also hit a record high at 5.6m units, 8.3% higher than a year earlier.

In addition, both standalone and consolidated sales also hit a high for September at 921,308 and over 1m units. Y-t-d sales rose 6.7% and 6.5% on-year respectively to 7.57m and 8.27m units on standalone and consolidated bases.

Kallanish Asia