Toyota Motor’s global sales in March 2021 hit an all-time high (in a one-month cut).
The message published on April 28 says that in March the company sold 982,912 new cars worldwide, which is 44% more than in March 2020. At the same time, during the reporting month, Toyota produced 843,393 cars, which is 32% more than a year earlier, when the pandemic forced global automakers to suspend production at factories.
The jump in sales is due to the pent-up demand effect – it accumulated during the 2020 coronavirus restrictions and shot up in the first months of 2021.
Toyota’s ability to ramp up production at a time when competitors are forced to suspend or slow down production lines due to component shortages caused by the global microchip supply crisis is of particular admiration.
In March, Reuters described how the Japanese automaker managed to achieve production stability. Toyota has learned from past failures of parts shortages and has completely restructured its supplier relationships. In the aftermath of the 2011 earthquake and tsunami crisis, Toyota requires its counterparties to have large inventories to act as a buffer against unforeseen disruptions.
We also advise you to watch a detailed test drive of the Toyota Yaris Hybrid 2021 from the FineAuto team:
Contacts of all Toyota dealerships in Ukraine