Toyota’s Global Vehicle Sales Hit Record High in FY 2025

Tokyo, April 27 (Jiji Press)–Toyota Motor Corp. said Monday that its global automobile sales reached a record high in fiscal 2025, thanks to the popularity of hybrid vehicles, especially in North America, despite higher tariffs imposed by the administration of U.S. President Donald Trump. The leading Japanese automaker’s global sales grew 2.0 pct from the previous year to about 10.47 million units, up for the first time in two years. Including Toyota, eight major Japanese automakers’ combined global sales in the fiscal year that ended in March slumped 1.3 pct to 24.34 million units. Suzuki Motor Corp. and Daihatsu Motor Co. also enjoyed growth, while the other five companies–Honda Motor Co., Nissan Motor Co., Mazda Motor Corp., Subaru Corp. and Mitsubishi Motors Corp.–posted declines. Toyota’s sales in North America jumped 7.2 pct thanks to robust demand for the hybrid versions of the Camry and the Corolla. Suzuki recorded a 2.4 pct rise in global sales, supported by strong demand in India, its core market. Daihatsu’s sales increased 7.8 pct thanks to the popularity of a new model launched in June last year, recovering to a level seen before its certification fraud scandal came to light in 2023. Honda’s global sales fell 8.6 pct, reflecting intensifying competition in China with local automakers. Nissan’s sales fell 4.2 pct due to weak sales in Japan and the United States. The eight makers’ total global vehicle production inched up 0.2 pct to 24.22 million units. In March alone, their global sales fell 6.9 pct year on year to 2.22 million units. END [Copyright The Jiji Press, Ltd.]