Toyota Sales Dip 2.2% in First Decline in 11 Months, Hit by 12% China Slump
Toyota's global vehicle sales fell 2.2% in November, the first drop in 11 months, driven by a 12.1% decline in China while the U.S. market showed resilience.
Toyota's 11-month winning streak is over. A sharp sales drop in China dragged the auto giant's global performance into negative territory for the first time in nearly a year, signaling potential headwinds in its largest market.
Toyota Motor announced on Thursday, December 25, that it sold 900,011 vehicles globally in November, a 2.2% decrease from the same month last year. The dip marks the company's first year-over-year monthly sales decline in 11 months.
A Tale of Two Markets: China's Chill vs. U.S. Resilience
The downturn was primarily caused by sluggish sales in China and South America. Sales in the Chinese market plummeted by 12.1%. The report suggests this was due to consumer hesitation after the Chinese government discontinued subsidies for vehicle purchases.
In stark contrast, the U.S. market demonstrated remarkable strength. Despite automobile tariffs imposed during the Trump administration, Toyota's sales in the U.S. actually increased, underscoring the brand's solid footing with American consumers.
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