TOKYO, July 30 (Reuters) – Toyota Motor said on Thursday its global first-half production and sales fell for the first time in two years, as weaker demand in China and a model changeover for its popular RAV4 sport utility vehicle weighed on results. • Global sales for January-June dropped 2.9% year-on-year to just over 5 […]
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Toyota’s first-half global output, sales fall for first time in two years on China weakness
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TOKYO, July 30 (Reuters) – Toyota Motor said on Thursday its global first-half production and sales fell for the first time in two years, as weaker demand in China and a model changeover for its popular RAV4 sport utility vehicle weighed on results.
• Global sales for January-June dropped 2.9% year-on-year to just over 5 million vehicles, as a 17.1% decline in China offset stronger demand in North America and Japan.
• Global vehicle production shrank 1.2% year-on-year to under 4.9 million vehicles over the first six months of the year.
• For June, global sales edged 0.1% higher to 868,454 vehicles and production was up 2.9% at 879,321 cars.
• Toyota’s figures include sales and production at its luxury brand Lexus.
(Reporting by Daniel Leussink; Editing by Sherry Jacob-Phillips)