Toyota Motor said on Monday that global vehicle sales slipped for a fourth consecutive month in May, as decreases in China and the Middle East weighed on overall results.Global sales dropped 7.2% year-on-year to 834,279 vehicles, Toyota said in a release. Overseas sales fell 9.6%, while those in Japan rose 11.1%, helped by strong demand for models such as RAV4 and bZ4X.By region, sales in China plunged 31.7% amid tough market conditions, partly due to rising petrol prices, while those in the Middle East slumped 38.6%. In the U.S., Toyota's top market, they edged down 0.6%.Global production declined 5.5% from a year earlier, as a 3.8% drop in the U.S. and a 13.3% decrease in Asia offset a rise in Japan.Toyota's figures include its luxury brand, Lexus. (Reporting by Daniel Leussink; Editing by Rashmi Aich)
Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh
Toyota Motor Company experienced a 7.2% drop in global vehicle sales for May, reflecting a fourth straight month of downfall. This slump stemmed primarily from reduced demand in China and the Middle East, despite a healthy increase in Japan. Furthermore, production also decreased by 5.5%, especially in the US and Asia, encompassing Toyotas Lexus division.
TL;DRAI
Toyota sales fell 7.2% YoY in May—fourth consecutive decline—with China down 31.7% and Middle East off 38.6%. Signals supply-chain pressure; potential impact on component sourcing and tech partnerships for automotive sector CTO planning.
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