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Reading: Toyota global car sales grew almost 5% YoY in April on stronger demand
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EV-a2z > News > Toyota global car sales grew almost 5% YoY in April on stronger demand
News

Toyota global car sales grew almost 5% YoY in April on stronger demand

EV-a2zm
Last updated: 2023/06/04 at 10:33 PM
EV-a2zm Published May 30, 2023 3 Min Read
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ISTANBUL - MAY Special brand logo with blue background used by Toyota in Hybrid models. May, 2017 Istanbul. Japan-based Japanese car brand
ISTANBUL - MAY Special brand logo with blue background used by Toyota in Hybrid models. May, 2017 Istanbul. Japan-based Japanese car brand
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Japanese legacy automaker Toyota reported an almost 5% year-on-year growth to 800,863 units in its global sales in April. According to the press release, the company’s noticeable sales improvement is due to the overall market recovery from the semiconductor supply crisis and COVID-19 pandemic effects.

Toyota achieves record-breaking global production in April with 787.8k vehicles,+13.8% YoY . Global sales rise to 800,863 vehicles, +4.9% YoY . Toyota targets surpassing 10 million vehicles in global production and sales in 2023, focusing on resolving delivery delays. #Toyota pic.twitter.com/BeFzcVxfGc

— ThinkerCar (@thinkercar) May 30, 2023

Demand for Toyota vehicles – April 2023

Apart from these, Reuters also pointed out that the increasing demand for hybrids and internal combustion engine cars in Japan and China propelled the sudden sales increase in April.

In addition, Toyota’s global battery electric vehicle sales also improved last month, surpassing its Q1 2022’s record.  

Toyota reported that its overall vehicle sales hit 800,863 units, including its luxury brand Lexus. As mentioned, that figure indicates a 4.9% YoY growth from the same period in 2022, when the entire market struggled from the COVID-19-caused component supply crisis.

Never would I have thought the best looking @Toyota would be a Prius.

One of the hottest new vehicles $TSLA#TOYOTA #toyotaPrius #ElectricVehicle pic.twitter.com/FH4iXqclKv

— Paul Smith (@GreatPaul_Smith) May 24, 2023

Meanwhile, Toyota hybrids such as the Prius contributed more than 50% of the 125,326-unit sales in Japan. According to the report, it outperformed a 21.5% increase in Toyota’s overall local car sales.

On the other hand, the legacy automaker reported a remarkable 46.3% YoY sales growth to 162,554 units in China last month. That figure indicated a strong rebound from the same period last year during the COVID-19 pandemic surge.

The bZ4X is a great car for the daily drive

I imagine so many people will buy these and be super happy with them as long as they don’t take long trips

However, for the price point, Toyota has to improve the EV integration / performance to be competitive

Need to test the FWD pic.twitter.com/SfJsBC6Ja0

— Kyle Conner (@itskyleconner) May 25, 2023

Globally, Toyota reported sales of 8,584 battery-powered cars, including the luxury brand Lexus. For the first time, it contributed over 1% of the company’s global sales.

Notably, that figure raised Toyota’s BEV sales in January-April to 26,057 units, representing a YoY growth from just 24,466 units in 2022.

See Also:

  • Toyota plans to start US electric vehicle production by 2025, as per a report
  • Toyota hydrogen fuel cell electric powertrain secures CARB approval
  • Toyota bZ3 with BYD technology formally launched in China
  • Toyota announces plan to produce PHEVs with an electric range of over 124 miles
  • Toyota seeks wireless charging tech with new partners

Indeed, Toyota’s BEV sales improvement is encouraging, given how the automaker currently lags in the electric vehicle industry. It may be a good start for the Japanese legacy automaker, as its new CEO now aims to push its electrification efforts.

Below are Toyota’s sales results in April 2023:

 ToyotaDaihatsuHinoRecord highTotal
Worldwide sales800,863(4.9)66,010(8.9)8,490(-25.0) 875,363(4.8)
Sales inside of Japan     
Incl. minivehicles125,326(21.5)51,942(15.1)2,602(-20.4)○179,870(18.7)
Market share35.8(1.4)― ―  51.4(0.9)
Excl. minivehicles122,314(22.1)― ―  ― 
Market share55.5(-0.4)― ―  ― 
Sales outside of Japan675,537(2.3)14,068(-9.2)5,888(-26.9) 695,493(1.7)
Source: Toyota

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TAGGED: Electric Vehicle, EV, EV Sales, Toyota
EV-a2zm June 4, 2023 June 4, 2023
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