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Toyota’s Output Slumps 26% on Prolonged Supply-Chain Snarls

  • Figures show second straight month of sharp declines
  • Nissan, Honda production also fell due to supply constraints
Toyota Motor Corp. Rush vehicles bound for shipment sit at the Nagoya Port in Tokai in Japan.

Toyota Motor Corp. Rush vehicles bound for shipment sit at the Nagoya Port in Tokai in Japan.

Photographer: Akio Kon/Bloomberg
Updated on

Toyota Motor Corp.’s global output dropped by more than a quarter in October from a year earlier, as a shortage of semiconductors and other parts continued to impact automakers.

The world’s No. 1 carmaker said Monday it produced 627,452 vehicles in October, down from 845,107 units a year earlier. Global sales also fell 20% for the month to 677,564 units.