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Toyota H1 Sales and Output Fall First Time in Two Years

TOKYO, July 30 (Reuters) - Toyota Motor said on Thursday its global ​first-half production and sales fell ‌for the first time in two years, as weaker demand ​in China and a ​model changeover for its popular ⁠RAV4 sport utility vehicle ​weighed on results.

  • Global sales for ​January-June dropped 2.9% year-on-year to just over 5 million vehicles, as ​a 17.1% decline in ​China offset stronger demand in North America ‌and ⁠Japan.

  • Global vehicle production shrank 1.2% year-on-year to under 4.9 million vehicles over the ​first six ​months ⁠of the year.

  • For June, global sales edged ​0.1% higher to 868,454 ​vehicles ⁠and production was up 2.9% at 879,321 cars.

  • Toyota's figures ⁠include ​sales and production ​at its luxury brand Lexus.

Reporting by Daniel ​Leussink; Editing by Sherry Jacob-Phillips

Source: Reuters


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