Toyota is clearly suffering from supply chain problems and shortages of parts such as microchips. The Japanese automaker saw global production fall by nearly 40 percent in September compared to the same month a year earlier.
Toyota produced 512,765 cars in September. A year ago there were 841,915. Worldwide sales fell by 16 percent. It is the first time in more than a year that Toyota has again reported a decline in sales. However, the drop in production comes as no surprise. Toyota previously warned that it would cut production sharply because of the supply problems. Other Japanese manufacturers such as Honda and Nissan have also announced that they will have to limit production, also because the flaring corona virus in Southeast Asia in particular is causing problems for suppliers, among others.
In the meantime, conditions seem to be improving somewhat. According to Toyota, production in November will be higher than the same month a year earlier, but also higher than in November 2019. According to Toyota, it should be possible to make up for some of the missed production. Earlier this year, the company said it plans to produce 9 million cars. According to experts, this objective can probably be met.
Despite the challenges, Toyota has had a good year so far. The manufacturer made a record profit earlier this year. In April, Toyota achieved a record share of European sales and a global sales record. It is also well on its way to becoming the largest automaker in the United States.
– Thanks for information from Autoweek.nl