Catenaa, Friday, March 28, 2025- Toyota Motor’s global production rose for the second consecutive month in February, the company said on Friday, driven by global output and sales in Japan.
Global output for the world’s biggest automaker increased 5.8% to 779,790 vehicles year-on-year, with domestic production up 16,2% and that in other countries growing at 0.6%.
Toyota’s production in North America dropped by 1%, while car exports from Japan to its largest market, the United States, also declined by 1.7%.
The company’s global revenue grew 5.8% in the reported month, supported by a 28.2% spike in domestic sales and a 2.1% rise in overseas sales.
Toyota sales in the US have fallen by 4.9% year on year in February, while sales in China grew by 15%.
Meanwhile, the global sales of electric vehicles went up by 24.7%, driven by a 20.1% sales increase in Japan.
U.S. President Donald Trump unveiled on Wednesday a 25% tariff on imported cars and light trucks to take effect on April 3.
Toyota shares fell by 2.81% in Tokyo on Friday while it fell 2.8% in New York by close on Thursday.
Trump’s trade policies have sparked global uncertainty, with investors concerned about potential supply chain disruptions, reduced investment, and the looming threat of inflation jeopardizing global economic growth.
In North America, Toyota’s sales fell 7%. However, the company attributed the decline to fewer operating days and an inventory shortage of hybrids and other vehicles while noting that demand remained strong.
