In November, Toyota announced that their worldwide vehicle output rose 1.5%, making a new record of 833,104 units.
Despite making a new record, domestic production dropped 3.3% to 266,174 units, when the overseas production rose by 3.8% to a record high of 566,930 units for the month.
Toyota said that worldwide manufacturing and sales in November were higher than last year’s numbers due to solid demand globally, especially in North America, and also the recovery of part supplies that had been disrupted by Covid-19 slowdown.
Earlier this month, Toyota announced that it expected to produce 700,000 units in January, moving closer to its reduced target of 9.2 million units by March 2023. The goal was reduced from 9.7 million units for its 2022-23 fiscal year, but later lowered the target due to rising material costs and shortage of semiconductors. Still, that is higher than last year’s production of about 8.6 million units.
