Toyota Motor announced on Thursday that its global production decreased for the sixth consecutive month in July.
The company reported a 1% drop in output compared to the same month last year, totaling 804,610 vehicles. This decline was less severe than the double-digit reductions experienced in previous months.
Production in key markets saw notable decreases, with output in China falling by 6% and in Thailand by 13%. Despite the overall global production drop, the decrease was more modest than in recent months.
Worldwide sales also declined by less than 1%, largely due to weaker performance in major markets like the United States and China. In the U.S., sales were down by 5%, impacted by fewer sales days compared to last year and a temporary suspension of production and deliveries of the Grand Highlander and Lexus TX SUVs due to an airbag issue.
In China, sales faced pressure from the growing dominance of domestic electric vehicle and plug-in hybrid manufacturers, affecting foreign auto brands like Toyota.
Toyota’s global sales and production figures encompass its Lexus luxury brand as well.
