Toyota sees October production decrease, Nissan's global sales go down

Nissan Motor reported lower global production and sales figures for October and the year-to-date on Thursday, although exports from Japan increased last month.

Toyota sees October production decrease, Nissan's global sales go down

Meanwhile, Toyota Motor also saw its third consecutive month of declining global production in October. Yokohama-based Nissan announced that production in Japan fell 3.8% year-on-year to 64,516 vehicles in October, and declined 7.4% to 545,105 units from January to October, compared to 588,646 vehicles during the same period last year. Passenger vehicle production in October dropped by 7.9% to 56,761 units, while commercial vehicle production increased by 43% to 7,755 units in October. However, production of commercial vehicles for the first nine months of 2024 decreased 18% to 49,813 units, down from 60,504 vehicles in the previous year. Outside Japan, Nissan's production fell 7.0% to 2.1 million units from January to October. Global production decreased 6.3% to 290,848 units in October, and 7.1% to 2.7 million units for the nine-month period.

Sales numbers

In Japan, sales excluding minivehicles rose 2.6% to 22,360 units in October but declined by 1.8% year-to-date to 243,738 units. Commercial vehicle sales grew by 10% to 3,849 units in October, but fell 13% to 33,245 units for the January-October period. When including minivehicles, total sales in Japan decreased by 1.0% to 35,584 units in October, and by 0.5% to 405,774 units year-to-date. Sales outside Japan fell 3.0% to 235,965 units in October, but rose slightly by 0.2% to 2.4 million units from January to October. Global sales in October dropped by 2.7% to 271,549 units but edged up by 0.1% for the nine months to 2.8 million vehicles. Exports from Japan increased by 12% to 40,502 units in October, but declined 5.0% year-to-date to 321,360 units.

Worldwide sales increased

Aichi-based Toyota reported worldwide sales of 974,245 units in October, an increase of 0.4% year-on-year, marking its first sales increase in three months. Sales in Japan rose 1.8% to 194,297 units in October, while sales outside Japan edged up by 0.1% to 779,948 units. Toyota also reported a 1.3% decline in global production, with October output falling to 1.0 million units, continuing the trend of three consecutive months of reduced production. In Japan, production rose by 5.6% to 392,818 units, while production outside Japan dropped 5.2% to 628,981 units.