HomeBusinessToyota's August Sales Grow for Eighth Month on Robust US Demand

Toyota’s August Sales Grow for Eighth Month on Robust US Demand

Toyota Motor, opens new tab said on Monday its global sales grew for an eighth straight month in August, as continuing strong demand for some of its hybrid models in the United States offset a weaker performance in Japan.

The automaker’s worldwide sales increased 2.2% year-on-year to 844,963 vehicles in August, helped by a 13.6% jump in the U.S. But sales in its home market fell 12.1%.

Its global vehicle production rose 4.9%, a third consecutive month of growth.

China’s BYD forecast exports will make up about 20% of its global sales this year, helped by the EV maker’s launch of new models.

The production and sales figures include Toyota’s luxury Lexus brand.

 

REUTERS

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