TOYOTA Motor Corp said Monday its global output sank 3.9 per cent in February from a year earlier to 749,673 vehicles, declining for the fourth consecutive month, weighed down by slowing production in China and Japan.
Global sales dropped 3.3 per cent to 737,134 units, the first fall in three months, according to the world’s largest automaker by volume.
Toyota’s overseas production slid 4.6 per cent to 470,757 vehicles, with output in China plunging 11.5 per cent to 78,457 units due to intensifying competition and fewer working days during the Lunar New Year holidays. Domestic production decreased 2.6 per cent to 278,916 vehicles due largely to fewer operating days than a year earlier, while output in North America slumped 9.1 per cent to 159,237 units, with production in Canada down 46.2 per cent to 23,173 units due to a cut ahead of an update of the RAV4 sport utility model. Output in the United States alone, meanwhile, rose 3.4 per cent to 110,978 vehicles, helped by solid demand for hybrid vehicles. Although Toyota’s overseas sales fell 2.2 per cent to 614,870 vehicles, sales in the United States grew 3.2 per cent to 180,950 units.
Sales in Japan dipped 8.3 per cent to 122,264 units, dragged down by a decline in registrations ahead of the abolition of the environmental performance tax at the end of March, while sales in China dropped 13.9 per cent to 82,471 vehicles.
Kyodo
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