Toyota global sales fall 4.8% in July
Toyota Motor Corporation's global sales and production declined in July, with sales dropping by 4.8% to approximately 856,000 vehicles. The performance was impacted by decreases in China, the United States, and the Middle East, despite an 11% increase in sales in Japan. High gasoline prices in China led to a decrease in demand for hybrid and internal combustion engine vehicles, resulting in a sixth consecutive month of sales decline there, down 24.3%. Sales in the Middle East also fell by 44.5%, while exports from Japan increased by 10.2%, reaching the highest level since October of the previous year.
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