Toyota September production jumps on stronger Japan output

Japan Mobility Show 2023, in Tokyo

TOKYO (Reuters) – Toyota Motor said on Monday that worldwide production rose 1.5% in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the United States and in Europe.

The Japanese automaker’s domestic production, which accounted for just over a third of the vehicles it produced during the month, rose 12.8% from a year earlier, offsetting a 3.6% decline in overseas output.

The world’s biggest automaker by sales reported an 11.6% jump in global sales in September to 921,308 vehicles.

Its sales and production both hit a record for the month.

Toyota has sold more than 7.5 million vehicles during the first nine months of the year.

The figures include its luxury Lexus brand.

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Domestic sales surged 20.5% in September, while those in the United States rose 14% and sales in Europe were up 18.1%.

In contrast, output and sales in Thailand, Indonesia and Vietnam fell in September due to tougher economic conditions.

In China, the world’s biggest auto market, Toyota reported a nearly 7% decline in production even as it reported slightly higher year-on-year sales.

(Reporting by Daniel Leussink; Editing by Jamie Freed)

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