Toyota’s 2020 Global Sales down -10.5% Year-on-Year

Toyota’s 2020 Global Sales down 10.5% for calendar year 2020 when compared to 2019. The sales results were substantially influenced by the Covid 19 pandemic that was in force for virtually all of 2020, and is ongoing. Japanese domestic production was flat at ~3 million vehicles. The results include those for subsidiaries Daihatsu Motor Co., Ltd. and Hino Motors, Ltd. (See AutoInformed.com on Toyota Motor North America Reports December 2020 Sales Increase 22.9%. Yearly Sales Drop -11.3%)

For consolidated Toyota numbers, this was the first decrease in nine years for global sales.  For sales inside of Japan, including mini vehicles or K cars, it was the first decrease in two years. Sales outside of Japan showed the first decrease in four years.

Global Sales – Toyota Motor Calendar Year 2020

• Global sales in 2020 were down 10.5% year-on-year, but sales were up 10.9% year-on-year in China.
• In December, global sales were up 10.3% year-on-year, the fourth consecutive monthly increase. The increases have been driven primarily by sales in North America, China, Europe, and Japan.
• During the October to December quarter, global sales were up 6.8% year-on-year, exceeding initial expectations.*

*Initial expectations were that sales would be approximately flat in the October to December quarter and up approximately 5% in the January to March quarter, returning to the previous year’s levels during the period from the end of the year to the beginning of next year.

Toyota Highlights:

• The global ratio of electrified vehicle sales increased from approximately 20% in 2019 to approximately 23% in 2020. The increase was driven primarily by sales in Europe, China, and North America.
• The best-selling Toyota vehicle from January to December was the RAV4, with global sales of 994,000 units (up 2.9% year-on-year).
• This RAV4 result was due to strong sales in North America, the primary market, as well as in China, which had sales of 175,000 units (up 37.9% year-on-year).
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Global Production:

• Global production in 2020 was down 12.6% year-on-year, but production in China was up 9.5% year-on-year period.
• In December, global production was up 14.4% year-on-year, the fourth consecutive monthly increase. The increases have been driven primarily by production in North America, Japan, China, and Europe.