Toyota Motor Corp. (TYT.L, TM) experienced a decline of approximately 5 percent in its pre-market trading on the NYSE, following the announcement of disappointing global production and sales figures for August.
In August, Toyota's global production reached 808,023 units, registering a 12.6 percent decrease compared to the same month last year. Production within Japan plummeted by 23.2 percent year-over-year to 242,360 units, while production outside Japan decreased by 7.1 percent to 565,663 units.
The company's total sales for August amounted to 888,689 units, reflecting a 3.7 percent decline. This decline was more pronounced domestically, with sales in Japan dropping by 9.6 percent, and a smaller decline of 2.4 percent in overseas markets.
Toyota’s exports also saw a notable decrease, totaling 136,891 units in August—a 16.3 percent drop from the previous year.
For 2024, the cumulative global production stood at 6.81 million units, down 8.9 percent from the prior year. Similarly, total sales were reported at 6.98 million units, marking a 3.9 percent reduction.
In pre-market trading on the NYSE, Toyota shares were recorded at $180.00, marking a 4.94 percent decrease.
