Toyota, Nissan Global Sales Soar on U.S. Demand, Output Stutters
- Toyota sales surged 46% in May; Nissan gains 28% on year
- Weaker monthly output points to potential inventory shortage
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Strong U.S. demand for SUVs and trucks boosted Toyota Motor Corp.’s global sales by 46% in May from a year earlier, though production fell from pre-pandemic levels, hinting at a potential inventory crunch.
Toyota’s sales rose to 840,303 units last month, led by swiftly recovering demand in North America, the world’s top-selling automaker said in a statement Tuesday. Unit sales were up by about a third from a year earlier in Japan as well.