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robotics/news//The Japan Times
Global sales in April fell 3.7% from a year earlier to 902,015 units.
Toyota's global sales declined for the third consecutive month in April 2024.
KEY POINTS
Exports to the Middle East dropped by more than 90% due to the ongoing conflict.
Despite sales declines, Toyota's global production increased 3.4% year-on-year in April.
Toyota has managed to keep factories operational despite supply route disruptions through the Strait of Hormuz.
Toyota Motor’s global sales posted their third straight month of year-on-year declines in April, as disruptions due to the Middle East conflict ripple across its business, with exports to the region down by more than 90%.
Global sales in April, including those of subsidiary Daihatsu Motor, fell 3.7% from a year earlier to 902,015 units, the company said Thursday. Production, however, rose 3.4% to 933,685 units.
Toyota has weathered the conflict better than other carmakers, keeping factories running despite disrupted routes through the Strait of Hormuz. A longer squeeze fueling shortages would test that resilience, exposing how deeply global automakers rely on Gulf-linked supplies for parts, materials and energy.