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Toyota global sales fall for third straight month

Toyota Motor Corp. recorded its third consecutive month of year-on-year global sales declines, as disruptions linked to the Middle East conflict continued to impact its operations, with exports to the region plunging by over 90 per cent.

The company said Thursday that global sales in April, including its subsidiary Daihatsu Motor Co., fell 3.7 per cent year-on-year to 902,015 units.

However, production rose 3.4 per cent to 933,685 units over the same period.

Toyota has so far weathered the conflict better than many other automakers, maintaining factory operations despite disruptions to shipping routes through the Strait of Hormuz. However, a prolonged squeeze leading to supply shortages could test that resilience, underscoring how heavily global carmakers depend on Gulf-linked flows of parts, raw materials and energy.

While demand remains strong, with customers in key markets waiting months for certain models, Toyota’s current sales also lag last year’s figures, which were boosted by a buying surge ahead of tariffs and the launch of a new RAV4 sport utility vehicle model.

Sales in China, where conditions remain difficult for Japanese automakers, fell 25 per cent.

Honda Motor Co. reported that its global sales in April declined 7.9 per cent to 265,215 units, while production was largely stable worldwide. Nissan Motor Co. also said Friday that its sales dropped 7.6 per cent to 208,663 units.

Toyota’s exports to the Middle East plunged 92 per cent year-on-year to 2,418 vehicles.

During its earnings presentation earlier this month, accounting chief Takanori Azuma noted that the company exports about 500,000 to 600,000 vehicles annually to the region, adding that it assumes slightly less than half of that volume could be affected.

Sales in China, where conditions remain difficult for Japanese automakers, fell 25 per cent.

Honda Motor Co. reported that its global sales in April declined 7.9 per cent to 265,215 units, while production was largely stable worldwide. Nissan Motor Co. also said Friday that its sales dropped 7.6% to 208,663 units.

Toyota’s exports to the Middle East plunged 92 per cent year-on-year to 2,418 vehicles.

During its earnings presentation earlier this month, accounting chief Takanori Azuma noted that the company exports about 500,000 to 600,000 vehicles annually to the region, adding that it assumes slightly less than half of that volume could be affected.