Toyota’s global vehicle output reaches record high in May

Monday, 03 July 2023 15:40:57 (GMT+3)   |   Istanbul

Japanese automaker Toyota Motor Corporation has announced that its global vehicle output increased by 33.4 percent year on year to 847,000 units in May this year, reaching a record high as a result of increased production capacity in response to strong demand. In particular, the company’s domestic output rose by 72.2 percent to 248,287 units, while its overseas output in the given month increased by 22.0 percent to 598,713 units, both year on year.

Toyota’s global vehicle sales amounted to 838,478 units in May, rising by 10.1 percent year on year.

In the January-May period this year, the company’s global vehicle output was up by 11.5 percent year on year to 3,979,413 units, while its global sales amounted to 4,038,687 units, increasing by four percent on year-on-year basis.

DamlaTükenmez
Damla Tükenmez
Editor

I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.

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