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Toyota Has Record October

Global sales, production strong on demand, recovering chip supplies.

November 29, 2023
Toyota Has Record October

In Asia, Toyota faced increased competition and saw sales rise just a little more than 1%.

Credit:

IMAGE: Toyota

1 min to read


Toyota said it posted a record October for sales and production as it got solid demand from North America and Europe.

The Japanese automaker said it produced 1,035,569 vehicles worldwide, up 12% year-over-year, and sold more than 970,000, up about 6%.

Its sales in North America were up 7.4% to nearly 230,000, including about a 5% bump in the U.S. to about 195,800. It credited healthy demand for hybrids and waning semiconductor shortages.

Sales in Europe were up even more, 15% to nearly 93,648.

In Asia, Toyota faced increased competition and saw sales rise just a little more than 1%. It listed the reason simply as “China.”

The bright spot for it on the continent was India, where sales jumped about 67%, balancing out drops in Pakistan, Thailand and Vietnam due to economic downturns.

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