Global sales in FY2021 were down 4% primarily by lost sales in China, North America, and Japan.
Toyota Motor Corporation says despite the COVID-19 pandemic that began spreading early in 2020, Toyota was able to continue corporate activities through the implementation of various infection prevention measures and by working with partners including suppliers and dealers and focusing on “doing what should be done.”
Toyota’s global sales and production have both been up year-on-year since September 2020, enabling Toyota to limit the year-on-year decline in sales and production to less than -10% in FY2021 ending 31 March 2021. Additionally, Toyota has maintained domestic production at the 3-million-unit level.
Global sales in FY2021 were down 4% primarily by lost sales in China, North America, and Japan. In China, though, sales of new models including the Corolla, Levin, RAV4, and Wildlander, as well as Lexus brand vehicles, were strong, and sales were up 29.6 percent year-on-year during March. Global sales were up 19.1% year-on-year in the January to March 2021 quarter, exceeding initial expectations of ~10%in the January to March quarter at the time of announcement Q3 results. (Herd Immunity? Toyota Motor Reports $9.87 Billion Q3 FY 2021 Profit. Ups Forecast by +54%)
Global production in FY2021 was down 6.4% year-on-year. Production in China was up 30.9% year-on-year. Global production in the January to March 2021 quarter was up 13.8% and has remained solid since April 2020.The global ratio of electrified vehicle sales increased from approximately 20% in FY2020 to approximately ~24% in FY2021. The increase was from sales in Europe, China, and North America. The best-selling Toyota vehicle in FY2021 was the RAV4, with global sales of 1,031,000 units (up 2.4% year-on-year).
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
FY2021 Toyota Sales, Production Drop Less than 10%
Global sales in FY2021 were down 4% primarily by lost sales in China, North America, and Japan.
Toyota Motor Corporation says despite the COVID-19 pandemic that began spreading early in 2020, Toyota was able to continue corporate activities through the implementation of various infection prevention measures and by working with partners including suppliers and dealers and focusing on “doing what should be done.”
Toyota’s global sales and production have both been up year-on-year since September 2020, enabling Toyota to limit the year-on-year decline in sales and production to less than -10% in FY2021 ending 31 March 2021. Additionally, Toyota has maintained domestic production at the 3-million-unit level.
Global sales in FY2021 were down 4% primarily by lost sales in China, North America, and Japan. In China, though, sales of new models including the Corolla, Levin, RAV4, and Wildlander, as well as Lexus brand vehicles, were strong, and sales were up 29.6 percent year-on-year during March. Global sales were up 19.1% year-on-year in the January to March 2021 quarter, exceeding initial expectations of ~10%in the January to March quarter at the time of announcement Q3 results. (Herd Immunity? Toyota Motor Reports $9.87 Billion Q3 FY 2021 Profit. Ups Forecast by +54%)
Global production in FY2021 was down 6.4% year-on-year. Production in China was up 30.9% year-on-year. Global production in the January to March 2021 quarter was up 13.8% and has remained solid since April 2020.The global ratio of electrified vehicle sales increased from approximately 20% in FY2020 to approximately ~24% in FY2021. The increase was from sales in Europe, China, and North America. The best-selling Toyota vehicle in FY2021 was the RAV4, with global sales of 1,031,000 units (up 2.4% year-on-year).
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.