NextGen Day

According to industry data released on Thursday, despite a global chip scarcity and Covid-19 lockdowns in China, the Toyota Motor Corp. group is set to lead global vehicle sales in the first half of 2022, topping the list ahead of German rival Volkswagen AG for the third year in a row.

The Japanese automaker reported sales of 5.14 million vehicles worldwide in the reporting period, including those by the group’s truck and minivan producers Daihatsu Motor Co. and Hino Motors Ltd. This is a 6 percent decline from the prior year and the first decline in sales in two years.

The global output fell by 3.8 percent to 5.1 million units, dropping for the first time in two years. Despite this, it was able to mitigate the effects of the semiconductor shortage, which has hurt automakers all over the world.

Toyota outsold rival Volkswagen globally, whose sales fell 22.2 percent to 3.88 million vehicles during the reporting period.

After the company’s statistics were announced, a Toyota representative stated, “Sales volume has never been our main objective.” We’ll keep putting safety and quality first and working to build better cars.

Toyota’s domestic sales fell 18.1 percent to 954,173 units as a result of the components scarcity, and domestic production fell 17.7 percent to 1.74 million units as a result of the fact that many Japanese-made cars feature cutting-edge componentry that depends on semiconductors.

Due to increased production capacity in China, abroad production increased 5.6 percent to 3.35 million units, setting a record high for the first half of the year. However, overseas sales decreased 2.8 percent to 4.18 million vehicles.

Excluding Daihatsu and Hino, the automaker’s global sales in June decreased by 3.2 percent from a year earlier to 817,321 vehicles.

793,378 automobiles were produced worldwide, a 4.6 percent decrease.

Honda Motor Co.’s first-half global sales fell by 19.5 percent to 1.9 million units, ranking among other Japanese automakers, due to decreases in North America and Asia.

Nissan Motor Co. saw a decline in global sales of 23.9 percent to 1.67 million vehicles.

Due to strong sales in India, those of Suzuki Motor Corp. climbed by 2 percent to 1.47 million units.

The eight main Japanese automakers, which also include Subaru Corp., Mazda Motor Corp., Mitsubishi Motors Corp., and Daihatsu, saw a 11.4 percent fall in total global sales in the first half of the year to 11.63 million units.

To 11.56 million vehicles, their total global production was down 6% from the previous year.

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