Toyota’s output sets a monthly record for May after a 35% increase

As pandemic-related supply disruptions continued to subside, Toyota reported its global output surged 35% from May 2022 to a record of 947,874 vehicles, while sales increased by 11%. 

On June 29, the Japanese automaker noted that production of vehicles bearing the Toyota and Lexus brands reached 847,000 units, which is roughly in line with the company’s initial forecast. Additionally, together with the Daihatsu and Hino brands, Toyota sold 906,715 vehicles globally in May. 

The carmaker also stated, “To meet the strong demand, we have been boosting local and global output, leading to the highest output in May.”

It’s important to note that more than 8,500 battery electric vehicles, BEVs, were sold by Toyota in April, compared to the 9,923 cars sold in May, with the bulk of customers coming from outside Japan. By 2026, the carmaker anticipates producing 1.5 million BEVs annually. 

The automaker saw a 0.5% decline in its stock. Overall, the company grew by 26% this year.

On the other hand, Honda reported that its May output increased by 35% from a year ago to 329,066 vehicles, marking the third consecutive month of growth. Due mainly to a good performance in the U.S., the second-largest manufacturer in Japan saw a 24% increase in global sales to 325,641 units.

Nissan also disclosed data showing that its output and sales, which stood at 274,551 and 274,545 automobiles, respectively, were both up 19% from a year earlier.