Hyperdrive
Toyota First-Half Sales Fell Even as Hybrids Gained in US
- Group saw production slip 9.8% during first six months of 2024
- Hybrid sales at record in North America despite global slump
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Toyota Motor Corp.’s global sales and output fell in the first half with sizable declines in Japan and China canceling out a resurgence of hybrids in North America.
Toyota’s global output — including that of subsidiaries Daihatsu Motor Co. and Hino Motors Ltd. — dropped 9.8% versus the first six months of 2023 to about 5 million units, according to a statement Tuesday. Worldwide sales declined 4.7% to 5.2 million.