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Business Times
29-05-2025
- Automotive
- Business Times
Toyota sales hit second monthly record on US demand, tariff rush
[TOKYO] Toyota Motor's sales hit a record for the second month in a row as a strong showing in the US and Japan was boosted by customers making last-minute purchases before US President Donald Trump's tariffs took effect. The automaker's global sales, including from subsidiaries Daihatsu Motor and Hino Motors, reached 936,718 units in April, a 12 per cent increase from a year earlier year and a record for the month, the company said on Thursday (May 29). Production came in at 902,425 units worldwide. Toyota and Lexus brand sales jumped 10 per cent in the US last month thanks to steady demand and an influx in orders as duties on imported cars and parts kicked in. The scuffle caused by Trump's oscillating trade war has forced the world's biggest carmaker and its peers to weigh semi-permanent countermeasures to stem short-term turmoil. A 25 per cent tariff was applied in April to all cars imported to the US, but on Thursday Trump's global tariffs were deemed illegal and blocked by the US trade court. The Trump administration said it was going to appeal the ruling. Japanese carmakers are heavily reliant on the US auto market and could suffer as much as a US$19 billion impact from the tariffs. Toyota, which has forecast a 180 billion yen (S$1.6 billion) hit in April and May alone, has mostly stayed its course, emphasising that it will respond flexibility but refrain from big changes until the future is less opaque. chief executive officer Koji Sato earlier this month said the company will consider building out local product development and manufacturing in the US in the medium to long term. In March, Toyota's US sales rose 8 per cent from a year earlier while Honda Motor recorded a 13 per cent jump, and Nissan Motor's rose 10 per cent. Mazda Motor said it will pause US production of one model variation that it exports to Canada. Honda plans to shift manufacturing of the hybrid version of its Civic from Japan to the US, while Nissan is halting US orders for SUVs built in Mexico. BLOOMBERG
Yahoo
07-04-2025
- Automotive
- Yahoo
Japan's vehicle market grows 11% in March
Japan's new vehicle market expanded by 11% year-on-year to 499,745 in March 2025, up from 451,444 units in the same month last year, according to registration data released by the Japan Automobile Manufacturers Association. The country's vehicle market last month continued to rebound from weak year-earlier data, when Daihatsu Motor - Toyota Motor's small car subsidiary - was forced to halt production of a number of key models following a safety test rigging scandal. This also affected other affiliated brands, including Mazda and Subaru. In the first quarter of the year, the market expanded by almost 14% to 1,285,351 units from 1,131,140 a year earlier, with sales of passenger cars rising by 14% to 1,103,666 units, while truck sales increased by 11% to 178,086 units and sales of medium and large buses and coaches surged by 23% to 3,599 units. Toyota's first-quarter domestic sales rose by 20% to 392,745 units, while Daihatsu's sales surged almost threefold to 132,590 units from very depressed year-earlier levels, and Mazda's volumes rebounded by 25% to 49,284 units. Brands not affected by last year's production stoppages did not perform as well in this period, including Suzuki which saw its sales fall by 2% to 201,038 units, and Nissan with a 9% decline to 133,337 units, while Honda's sales were unchanged at 184,055 units. Overseas brands account for just 4% of total vehicle sales in Japan year-to-date, led by German automakers including Mercedes-Benz, BMW-Mini, Audi and Volkswagen. "Japan's vehicle market grows 11% in March" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
