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Toyota Motor Corp announced on Wednesday that its global output from January to November reached a staggering 9.23 million vehicles, setting a new single-year record. With one month remaining in 2023, the automaker has experienced robust demand in North America and Europe, contributing to this remarkable milestone.
November Production Hits New High
Continuing its upward trajectory, Toyota's worldwide production for November rose by 11.2% compared to the previous year, reaching a new single-month record of 926,573 cars, as per Reuters. Notably, this surpasses the previous full-year record of 9.05 million units set in 2019.
A notable factor in Toyota's increasing production outside of Japan is the easing of the global chip shortage. In November alone, the figure rose 7.9% to 611,656 vehicles - an unprecedented achievement for the month. Domestically, production soared by 18.3%, totaling 314,917 cars.
Toyota Sets Course to Exceed 10 Million Units
Driven by its outstanding performance, Toyota is poised to shatter expectations, observes Japan Today. With increased production slated for December, the automaker aims to surpass the impressive milestone of producing over 10 million Toyota and Lexus-branded units within a year for the first time.
Toyota's global sales for November witnessed significant growth, surging by 13.6% to an astounding 905,066 units - the highest ever recorded for the month. Remarkable sales in North America, Europe, and China primarily fueled this achievement.
Sales outside of Japan contributed significantly to Toyota's success, with November seeing an 11.5% increase to 765,317 units - an all-time high for the month. Hybrid car sales played a crucial role in this growth as demand for electric vehicles began to slow down. Domestic sales likewise experienced a staggering 27.1% rise, amounting to 139,749 cars.
Toyota credited the recovery from the challenging impact of the COVID-19 pandemic for the pick-up in global economic activity, which played a role in the automaker's robust performance. The brand's resilience and dedication to innovation have paved the way for this remarkable achievement.
Electrified Cars Drive Growth
With the growing demand for sustainable mobility solutions, Toyota emerged as a global leader in the electric vehicle market. In November alone, the automaker sold 343,981 units of electrified cars worldwide, representing an impressive 53.4% increase compared to the previous year.
Photo: Christina Telep/Unsplash
