Toyota Global Sales and Production Fall in July
Toyota Motor reported a decline in global vehicle sales and production for July. Sharp drops in China and the Middle East offset strong domestic growth in Japan.
Insights:
Toyota Motor global vehicle sales fell 4.8% from a year earlier to 856,125 vehicles in July, while production dropped 2.1%. The decline was driven by sharp drops in China, the United States, and the Middle East. Despite the broader contraction, the automaker posted a strong performance in its home market of Japan.
