Toyota Motor (TYO:7203) on Thursday reported higher global sales in July, lifted by resilient overseas demand, even as deliveries in its home market slowed.
The world’s top-selling automaker said group worldwide sales, including luxury brand Lexus, rose to 899,449 vehicles in July, rising for the seventh straight month. That was up 4.8% from a year earlier, supported by stronger shipments to North America and Europe.
Domestic sales in Japan fell 0.9% to about 118,000 units as demand softened following earlier gains, while North American sales climbed 4.2% to 250,000 units. Europe posted a 6.5% rise to nearly 95,000 vehicles.
Sales of electrified vehicles, including hybrids, battery EVs, and fuel-cell cars, totalled 327,000 in July, accounting for more than a third of global sales.
Toyota has been steadily ramping up production to meet backlogged orders and strengthen its push in electrified models, which remain central to its mid-term strategy.
Source :
https://www.investing.com/news/stock-market-news/toyota-global-sales-rise-in-july-buoyed-by-strong-overseas-demand-4213792
