Toyota reports faster than expected sales recovery

September 1, 2020

Toyota Motor Corporation has announced that its global sales and production recovered to 90% of the previous year’s level in July, and that sales are recovering at a ‘faster than expected pace’ reports

The automotive company has reported that its global sales in July were down 12% from the previous year, recovering at a faster than expected pace. Toyota believes that the recovery is being driven primarily by China (up 19.1%), with Europe up 14.5% but the USA down 19% and Japan down 17%.

Toyota’s June figures showed that China was up 22.8%; the USA was down 26.2%; Europe was down 11.5%, and Japan was down 22.7%. Global production in July was down 10.2% from the previous year (from down 24% in June). Toyota’s production in the USA and China exceeded the previous year’s levels, and domestic production likewise recovered to 78% of the previous year’s level.

Strong sales of RAV4 and Camry pushed up sales exceeding last year’s level with July up 31.3% and June up 21.6%. Strong sales of light trucks, as well as of Camry and Highlander HEV and other electrified vehicles, resulted in sales exceeding last year’s level.

July was down 22% and June was down 44.8%.

Toyota stated that global market recovery resulted in sales performance as planned.

Latest Industry News

Download the latest issue of PM Review

Our latest issue is now available to download in PDF format, free of charge.

As well as an extensive Powder Metallurgy industry news section, this 88-page issue includes the following exclusive articles and reports:

  • Arcast: A decade of innovation and a bright future for metal powder atomisation
  • Particle characterisation of metal powders with dynamic image analysis and laser diffraction
  • JPMA Awards 2020: A showcase of innovation in PM for new and existing applications
  • Understanding how the surface area of metal powders influences Additive Manufacturing
  • Euro PM2020: PM functional materials in energy management and magnetic applications
  • More information

Industry News


Sign up to our free e-newsletter, sent weekly to industry professionals around the world. We'll also let you know each time a new issue of PM Review magazine is available.

Subscribe for a FREE digital magazine

PM Review is the leading international magazine for the Powder Metallurgy industry.
Published four times a year, it is available as a free download or through a print subscription

Connect with us

Powder Metallurgy: The original net-shape production process

Powder Metallurgy components are relied upon by a wide variety of manufacturing industries, from automotive to power tools, household appliances, chemical engineering, filtration and more.

The main reason for the technology’s success is its cost-effectiveness at producing high volumes of net-shape components, combined with its ability to allow the manufacture of products that, because of the production processes, simply cannot be manufactured by other methods.

To discover more about how the technology has revolutionised component production, browse our Introduction to Powder Metallurgy.

Latest industry news

Copy link
Powered by Social Snap