Toyota reports global sales growth in May as other automakers follow suit
Amidst global incidence of safety recalls, Toyota, the world's biggest automaker, said on Monday that its worldwide sales jumped by 13.4 percent year-on-year in May following upswings in motor vehicle demand which further pushed the much-awaited recovery of the Japanese auto industry.
The company said that it rolled out a total of 676,675 units in May, which is an improvement from the 596,887 units sold in the same period last year as it added that global production increased by 27 percent to 637,675 units from a year earlier, which marked then the industry's decline due to financial crisis.
The Toyota group, which also includes Daihatsu and Hino trucks, managed to post healthy growth from last year's mid-crisis lows in spite of recalling about 10 million of its brand vehicles worldwide due to nagging safety concerns especially in mainland USA.
Meanwhile, Japan's auto industry seemed to have picked up the trend from Toyota as other Japanese car makers also announced improvements in sales and production on the same day, on the heels of a recovering industry which could fuel the country's export-driven resurgence from a paralysing recession.
The country's number two carmaker Honda Motors reported an increase of 18.0 percent on its domestic sales while rolling out 278,543 autos in May, which is the company's 11 consecutive months of sales growth and marking a 42.8 percent spike in its production capacity.
Number three Nissan said that company exports rose by 94.9 percent to 47,993 units in May, producing a total of 309,287 units worldwide while number four Mitsubishi Motors revealed that its global production soared by 85.8 percent from a year ago with number five carmaker Mazda reporting a global production increase of 46.0 percent.