Toyota Motor, a Japanese carmaker, reported on Friday that it sold 5.1% more vehicles in the first half of 2023 than in the same period a year earlier. A reduction in supply limitations for semiconductors and, particularly, greater demand in Japan contributed to this increase.
Toyota’s global sales rise: In contrast to the about 4.7 million vehicles sold during the same period in 2022, the business sold about 4.9 million vehicles globally in the six months leading up to June, including those under its luxury Lexus brand.
Compared to the same period last year, Toyota’s sales in Japan increased by 33.2% to 878,215 units, while those in the US fell by 0.7% to just over 1 million vehicles, and those in Asia fell by half a percent to around 1.5 million units.
Global sales increased 10% to 898,947 units in June as a result of rising demand for hybrid and other electrified vehicles in important areas including the US and Europe.
The number of automobiles sold in China in June decreased for the first time in three months, by 12.8% on a yearly basis, to 174,548.
Sales in China decreased 2.8% from January to June. With 292,131 units sold globally last month, hybrid electric vehicle sales increased 37.6% year over year and accounted for slightly under a third of all vehicles sold globally.
The overall number of battery-powered vehicles sold in the first half of 2023 is 46,171 thanks to Toyota’s sales of 10,191 battery electric vehicles in June, including those under the Lexus brand.