Toyota Sales Reach Record on Recovering Demand for Cars
- March sales up 44% year-on-year, bouncing back from pandemic
- Honda and Nissan also report higher sales for the month
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Toyota Motor Corp.’s global sales in March rose to a record, as the automaker’s ability to keep churning out vehicles amid a global shortage of chips puts the company in prime position to capitalize on a resurgence in demand for cars.
Toyota’s global sales in March rose 44% to 982,912 units, a record for a single month, the company said in a statement Wednesday. The world’s largest automaker produced 843,393 units that month, up 32% from a year earlier, when the pandemic was forcing global automakers to suspend production in factories.