Toyota Posts Record October Sales, Output on US Demand - Bloomberg

  • Global vehicle production climbs 12% to 1.035 million
  • China growth lags behind because of lack of electric models

European sales climbed 15% from a year earlier, and North American sales gained 7.4%. 

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Still, the company is lagging behind in the shift to electric vehicles. Toyota sold 9,357 battery EVs globally in October, and sales in China — where more and more drivers are switching to EVs — rose just 1.5% from a year earlier. At this month’s earnings, Toyota lowered its EV sales goal for the current fiscal year to 123,000 cars from 202,000.

Separately, Honda Motor Co. said its global output jumped 23% to 405,276 units, despite a drop in China. Sales increased 23% to 372,077 units, reflecting strong performance in the US and Asia. 

Nissan Motor Co. produced 310,480 units in the month, up 4.3% from a year earlier, to log the first rise in four months. Sales rose 5% to 279,102 vehicles. 

(Updates with Honda, Nissan figures.)

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