Toyota Global Sales Surge 10% in May 2025, EV Sales Soar 31%

In May 2024, Toyota Motor Corporation reported a significant 10% year-over-year growth in global vehicle sales, fueled by the stabilization of semiconductor supplies and enhanced production capabilities.

Key Highlights

• Toyota’s worldwide manufacturing and sales rose by 10% in May 2024, reflecting recovery in semiconductor and parts supply chains.
• This marks the fourth consecutive month of global sales growth for the automaker.
• Electric vehicle sales surged by 31.6%, alongside a notable increase in sales of the Lexus luxury brand.

The company sold a total of 838,478 vehicles globally in May, benefiting from improved production and easing supply constraints that had disrupted the market during the pandemic.

In Japan, Toyota’s sales jumped 35% year-over-year to 161,712 units. Outside Japan, the automaker sold 721,524 vehicles, marking a 6.9% increase. In the United States, Toyota’s sales climbed 6.4% to 187,204 units compared to the previous year.

By brand, Lexus experienced a remarkable 39.7% increase with 70,313 vehicles sold in May. Meanwhile, Hino, Toyota’s commercial truck division, saw a 15% decline with 10,563 units sold. Daihatsu, the company’s passenger vehicle branch, posted a 28% increase with 57,674 units sold year-over-year.

Electric vehicle sales reached 285,630 units worldwide, up 31.6% from May 2023. In North America alone, Toyota sold 63,328 electric vehicles, representing a 14.2% year-over-year rise.

According to the International Energy Agency, global electric vehicle sales are expected to grow by 35% in 2024, with nearly 14 million units projected to be sold worldwide, up from 10 million in 2023.

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