Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Toyota’s global production increased by 31.2pc to 6.19 million units in January-July compared to the same prior-year period, marking the eleventh successive month of increase.


In January-July, Toyota’s vehicle output outside Japan represented almost 60pc of the total and increased by 41pc against the same period last year, while domestic production increased by 19pc compared to January-July 2020. Toyota sold 6.40 million cars in the first seven months of the year, up 28.3pc from January-July 2020.


The company produced 897,003 units in July, up 13.1pc against July 2020 while its exports during the same period under review increased by 44.8pc to 209,027 units. Worldwide sales in July increased by 13.3pc compared to the same month of the previous year, reaching 930,925 units.


Still, the company remains wary about its production targets in the second half of the year given the ongoing shortage of chips and rising prices of raw material that could hinder its costs and output capabilities. The carmaker announced a 40pc reduction in its production targets on Aug 19 and shortly thereafter indicated that it would be paying more to procure steel for its cars.  

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