- Toyota breaks world record for annual production despite difficulties with chips and pandemic.
- Global sales of 9.61 million vehicles mark another annual record for the market leading company.
- Toyota continues to have trouble getting the number of chips it needs for its cars.
Japan’s Toyota Motor set a world record for annual production in the business year ending March 31.
That’s right, even exceeding its own goal, Toyota produced between April 2022 and March 2023 9.61 million units.
It did so despite disruptions at some of its largest factories (in China and Japan) due to difficulties related to chip delivery and the pandemic.
Similarly, the world’s largest automaker by number of units delivered said it continues to have trouble getting the number of chips it needs for its cars, so for now, will not make forecasts for this year’s sales.
According to Toyota’s report on Thursday, April 27, last year (from January to December) it manufactured 9.13 million units, more than the 9.1 cars calculated in its latest estimate, but much less than the 9.7 million it expected to manufacture when the year began. Twice, due to chip problems and the pandemic in China, he lowered the estimates.
In 2022, between January and December, Toyota had manufactured 8.57 million, so the year-on-year growth was 6.5 percent.
Global sales for the 12 months ending in March increased to 9.61 million vehicles from 9.51 million a year earliermarking another annual record for the leading company in the market.
Regarding the sale of electric units, Toyota revealed that it delivered 17,470 EVs worldwide, including in that calculation the luxury Lexus that are part of its portfolio of brands.
In all of 2022, the Japanese company had sold 24,460 battery electric vehicles worldwide.
Beyond the record: Toyota statistics
With the exception of 2021, Toyota was the market leader for the past decade. In 2020, for example, it delivered 10.5 million vehicles, becoming the top automaker for the eighth consecutive year.
In North America, Toyota’s sales remained strong, with the company selling more than 2.2 million vehicles annually.
The most popular models of the Japanese car manufacturer are the Camry and the RAV4. Asia is also a very strong market: Toyota sold more than 1.5 million vehicles in China alone
Toyota has also been expanding its presence in emerging markets such as Africa. In fact, it finished building an assembly plant in Kenya that has already started operating.
Its closest competitors are Volkswagen and the Renault-Nissan-Mitsubishi alliance.
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