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Toyota's global sales jump in July to hit monthly record

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TOKYO (Reuters) - Toyota Motor's July global sales rose 8% from the same month a year earlier to a record 859,506 vehicles, the Japanese automaker said ...

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TOKYO - Toyota Motor's July global sales rose 8% from the same month a year earlier to a record 859,506 vehicles, the Japanese automaker said on Wednesday, a day after a system malfunction shut output at all of its domestic assembly plants.Toyota has now posted year-on-year increases in global sales for six months running and production for seven, highlighting its recovery from last year's supply chain snarls and COVID-19-containment measures.

The company continues to investigate the cause of the malfunction, but has said it was not due to a cyberattack. In China, sales fell 15% in July. That contrasted with stronger sales in Japan, the United States and Europe. Domestic sales rose 35% and those in the U.S. increased by 8%.

 

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