Toyota Motor Corporation announced its results of production, domestic sales and exports for October 2016. According to these results, global production declined for the second straight month, falling 7.3% to 750,713 units.
Domestic production suffered a 6.1% drop to 260,426 units, as it recorded a deficit for the first time in three months. Due to declines in markets such as Europe, Asia, Australia and Africa, production overseas fell for the second month in a row, deteriorating 7.9% to 490,287 units.
Domestic sales decreased 1.9% to 122,990 units, resulting in its first deficit in eight months. Sales for the Lexus brand dropped 7.2% to 3,816 units. Meanwhile, sales of mini cars climbed 29.7% to 2,896 units. Toyotaâ€™s market share (excluding mini cars) went up 1.7 percentage points to 49.4%.
As a result of reduced demand in North America, Latin America, Oceania and the Middle East, exports decreased for the second straight month, falling 4.0% to 156,058 units.
(Translated by Masayuki Shikata)