Toyota's Continued Growth Exceeds Expectations

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Few automakers are as resilient as Toyota.

It's been a tough year for everyone, including those in the automotive industry. The pandemic created issues for major automakers, and Corvette Stingray buyers will be familiar with the effects that these issues can have on production and delivery. Despite such challenges, many automakers are starting to recover, with the likes of Dodge posting record muscle car sales. Toyota is a company that never quite feels the pinch as bad as many other automakers and has had incredible sales figures over the past two decades, and this has now been reiterated by its year-on-year sales and production figures for September.

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In its latest report, Toyota says that global sales have been bolstered mainly by new vehicles leaving dealers in the US and China, resulting in a year-on-year increase of two percent for September. Toyota sites the Camry, RAV4, and various Lexus models as the most popular in America, helping create an increase of 16 percent compared to September 2019. Meanwhile, China's favorites were mainly the Corolla and Levin models. In China, sales increased by a whopping 25 percent year-on-year, marking the sixth straight month that Toyota saw year-on-year increases in the eastern market. Before this, Toyota reports that global sales from April to September were down by around 19 percent.

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In terms of production, Toyota's careful infection prevention measures helped the company increase figures by 12 percent compared to September last year. In China, production increased by 49 percent year-on-year while Japan's production increased by four percent for the same period, helping Toyota achieve positive single-month results compared to a given period in 2019 for the first time in nine months.

Global sales thus reached 916,407 units with production reaching 973,857 units across Toyota, Lexus, Daihatsu, and Hino brands. Exports reached 181,213 units overall. The global industry as a whole is clearly on an upward trend, but Toyota is leading the way once again.

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