Toyota's Global Production Rises 11 Percent In September, Record Four Months Of Untuning Growth

The real All-New Land Cruiser 250 in Japan April 2024. (Photo: Toyota Global)

Toyota Motor Corp reported today, Monday, October 27, that its global vehicle production increased more than 10 percent in September, marking growth for four consecutive months.

Citing the Reuters page, the spike was driven by an increase in sales and production in the main Japanese market, especially in the United States (US).

Throughout September, Toyota's total global production rose 11 percent compared to the previous year, reaching 918,146 units of vehicles. Positive performance was also recorded in a number of key markets. In the United States, production soared by 29 percent, triggered by high demand for hybrid vehicles and recovery from the suspension of production of two models last year. Meanwhile, in Japan, domestic production increased 9 percent, and in China there was a significant increase of 16 percent.

Toyota's global sales, including the luxury brand Lexus, also recorded growth for nine consecutive months. In September, total global sales rose 3 percent to 879,314 units. This increase was mainly driven by sales growth of 14 percent in the US, which managed to cover a 1 percent drop in China and 5 percent in Japan.

Overall, in the first nine months of this year, Toyota has sold around 7.8 million vehicles, an increase of 5 percent compared to the same period last year. This achievement further strengthens Toyota's position as the world's largest automaker.