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Toyota set a record for car production and sales in September

Ukraine / Engineering

The automaker predicts its operating profit will decline 79.5% in fiscal 2020, to ¥ 500 billion (about $ 4.6 billion).

Toyota set a record for car production and sales in September

The leading Japanese automaker Toyota Motor in September produced almost 842 thousand cars, which is 11.7% more than in the same period last year. This is stated in the company's report released on Thursday.

At the same time, the production volume in September became the highest in the history of the company. Toyota sold 837,000 units worldwide last month, up 1.9% from last year.

It is noted that the growth of statistical indicators was facilitated by the rise in demand and production for cars in China. Thus, the market situation as a whole tends to recover from the failure caused by the coronavirus pandemic. Thus, in May, the decline in Toyota production in the world amounted to 54.4%.

According to forecasts of the automaker, its operating profit will decline in the 2020 financial year by 79.5% - to 500 billion yen (about 4.6 billion dollars). The corporation also expects that the level of vehicle sales in the current fiscal year will decrease by 14.9% to 8.9 million units. Meanwhile, at the end of the 2019 fiscal year (ended in March), the Japanese automaker once again became the world leader in car sales, having sold 10.45 million units of cars and trucks. Volkswagen sold 10.37 million vehicles over the same period.

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