Toyota faced a second consecutive month of declining global sales due to the conflict in the Middle East.

Toyota faced a second consecutive month of declining global sales, impacted by the Middle East conflict and production line adjustments for the new RAV4 model, despite strong underlying demand.

April 27, 2569 at 11.16:XNUMX p.m., Reuters reported that Toyota Motor revealed that Global car sales fell for the second consecutive month in March. This was driven by declining sales in the Middle East and the model change of the popular Toyota RAV4.

Global sales decreased by 7.3% year-on-year to 897,871 units, with overseas sales falling by 7.2% and the Japanese market declining by 7.8%. These figures include the luxury brand Lexus.

When broken down by region, sales in the Middle East fell by almost a third in March, while the US market declined by 8.5% and China by 8.0%, with sales in the Middle East totaling approximately 34,000 vehicles. Although the company did not directly state the cause, other automakers have pointed out that demand for vehicles in the region has weakened as a result of the conflict between the United States and Iran, which has affected transportation through the Strait of Hormuz and overall economic activity.

however Toyotaspecify that Fundamental demand remains strong, but sales have been impacted by production line adjustments to transition from the previous RAV4 model to a new one, one of the company's best-selling vehicles worldwide.

In terms of production, global output increased by 2.1% year-on-year, with increases of 4.9% in the United States and 7.7% in China, but a decrease of 3.3% in Japan.

Toyota is projected to remain the world's best-selling automaker for the sixth consecutive year, until 2025, according to Reuters calculations.

refer : www.reuters.com

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