Toyota Motor Corp of Japan breaks sales record by selling more than 5 million units worldwide for the first time in the first half of fiscal year 2023. According to the Nikkei on the 30th, Toyota announced sales, production, and export performance in the first half of fiscal year 2023.
According to the announcement, Toyota global sales rose 9% year-on-year to 5,172,387. It reached an all-time high. It surpassed the previous year’s performance in two years.
Among them, the number of overseas sales increased 6% year-on-year to 4,382,219, the largest ever. It increased 9% in North America and 7% in Europe.
In China, there were economic policies and other influences, but sales of hybrid cars (HVs) increased, maintaining the previous year’s level. In Asia, sales in Thailand and Indonesia fell from the previous year, but India jumped 24%.
Japan’s domestic sales rose 34 percent to 79,168 units. It is the first time in two years that it has exceeded the previous year’s performance.
The number of units produced in the world was 5,058,248, a 13% increase from the same period last year. It is the first time that the number of units produced in the world exceeds 5 million on a semi-annual basis. It is the largest ever on a semi-annual basis.
The number of productions increased significantly as COVID-19 and semiconductor supply shortages were resolved.
Among them, overseas production increased by 5% to 3,365,709 units. It was also the highest ever on a semi-annual basis. As the production capacity of factories such as North America increased, the number of productions increased.
However, in China, production coordination under exhaust gas regulations and sales competition with local companies decreased by 7%. The number of Chinese production fell short of the previous year’s performance for the last five consecutive months.
Japan’s domestic production rose 31% to 1.692,539 units, surpassing the previous year’s production for the first time in two years. In Japan, there was a lot of production of vehicles that used semiconductors such as Lexus, a high-end vehicle.