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Automobile industry

Toyota's Vehicle Production Rises 4.4% in September

Strategic Insights

— 1 min read

Toyota Motor Corp.'s vehicle production for September rose 4.4 percent from the same month a year earlier to 304,468 units, a result of stronger domestic sales and higher exports. Passenger car production slipped 0.2 percent to 237,144 units, while production of trucks and buses was up 24.6 percent to 67,324 units. Domestic registrations rose 3.7 percent to 178,713 units and exports were up 1 percent to 121,584. Meanwhile, Nissan Motor Co. saw production drop 7 percent year-on-year to 153,708 vehicles, with exports declining 5 percent to 64,404.

Key Takeaways:

  • Toyota's overall vehicle production increased by 4.4% in September, reaching 304,468 units, with a 24.6% rise in production of trucks and buses.
  • Passenger car production at Toyota decreased by 0.2% to 237,144 units, while domestic registrations rose 3.7% to 178,713 units.
  • Exports from Toyota increased by 1% to 121,584 units, contrasting with Nissan's decline in exports by 5%, totaling 64,404 units.
  • Nissan's overall production fell 7% year-on-year to 153,708 vehicles, with a 15.3% drop in commercial vehicle production at 20,291 units.
  • Julia Baldini, an auto analyst at Schroders Securities (Japan) Ltd., predicted a 1-1.5% rise in sales in Japan this year, citing an improvement in personal consumption.
  • Toyota and Nissan's production figures account for around half of total auto production in Japan.

Statistics:

  • 304,468 units: Toyota's vehicle production in September.
  • 4.4%: Rise in Toyotas' overall vehicle production in September.
  • 237,144: Toyota's passenger car production in September.
  • 0.2%: Decrease in Toyota's passenger car production in September.
  • 24.6%: Rise in production of trucks and buses at Toyota.
  • 178,713: Domestically registered vehicles at Toyota in September.
  • 121,584: Toyota's exports in September.
  • 3.7%: Increase in domestic registrations at Toyota in September.
  • 153,708: Nissan's overall vehicle production in September.
  • 7%: Year-on-year decrease in Nissan's overall production in September.
  • 133,417: Nissan's passenger car production in September.
  • 64,404: Nissan's exports in September.
  • 5%: Decrease in Nissan's exports in September.
  • 106,350: Nissan's sales in Japan in September.
  • 1.9%: Increase in Nissan's sales in Japan in September.

Sources:

  • Toyota Motor Corp.
  • Nissan Motor Co.
  • Schroders Securities (Japan) Ltd.
  • Reuters (in jp)

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