The pandemic wasn't enough to stop the giant from reaching new heights.
It's been a tough year, but it's almost at an end. While industries and people have had to struggle with the effects of the pandemic and the declining economy, not all have suffered as much as others. The auto industry has been remarkably solid year on year, with the likes of Volvo reporting increased sales numbers and Honda showing strong production growth too. But one of the most impressive reports comes out of the Toyota head office, with the Japanese automaker showing global production increases for November of seven percent year-on-year.
A total of 828,066 units were produced last month, and as is often the case, strong demand from the Chinese market has fuelled this rise.
It seems that Toyota is poised to meet its goals, and with demand from China increasing by a whopping 48.5 percent, production has been increasing for the past three consecutive months. Sales are up 1.8 percent with Toyota selling some 852,213 vehicles across the globe, and the RAV4 is one of the vehicles that has been helping the marque continue to grow. Lexus models have also been sought after, but the Harrier and Yaris are helping too. This comes as fellow Japanese automaker Nissan has reported a drop in production of 5.6 percent in November, making last month the 14th straight month of decreasing production numbers.
Toyota's exports have been doing well too, with the brand reporting 186,149 units being shipped out from both its Toyota and Hino marques. Across all brands (including Daihatsu), Toyota sold an astonishing 8,540,749 vehicles worldwide from January to November and has produced almost as many vehicles. Exports summited 1.6 million units in 2020, and with global outlook looking positive as new vaccines are expected next year, it seems highly likely that Toyota will continue to grow in 2021.