Toyota's Tsutsumi plant (source image)

Toyota recovers from operation closures with 12.4% rise in domestic production; May results

Toyota Motor Corporation has announced its results of production, domestic sales and exports for May 2016. According to these results, global production grew 11.8% from the previous year to 750,450 units, resulting in a surplus for the first time in two months.

While domestic production dropped by almost 20% in May due to the stoppage in operations from the Kumamoto earthquake, these figures grew by 12.4% to 241,926 units in May for its first surplus in two months. As a result of growth in North America, Latin America, Europe, Asia and Africa, overseas production climbed 11.5% to 508,524 units, resulting in a surplus for the fourth consecutive month and a record-high for the month of May.

Domestic sales grew for the third straight month, rising 10.6% to 108,440 units. Sales of the Lexus brand declined 1.8% to 2,980 units. Mini car sales went up 8.1% to 1,671 units. Toyota’s share of the non-mini car market climbed 1.7 percentage points to 47.7%.

Exports fell 1.7% to 111,363 units as it recorded a deficit for the second straight month impacted by reduced exports to North America, Latin America, Oceania, the Middle East and Africa.