Toyota's August output and sales dragged lower, Japan takes a hit [Seeking Alpha]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Seeking Alpha
The drag down was primarily due to certification issues in Japan and production suspension caused by a recall in North America. Production in August dropped to 709,571 vehicles, with output in Japan tumbling 22%. The Japanese carmaker ( TM ) showed a 3.1% Y/Y drop in global sales to 826,863 units in August, with Japan taking a 9.1% hit. Year-to-date sales in Japan dropped 18.2% to ~932K vehicles, compared to 2.4% YTD growth outside its home market to ~5.64M units. Total exports from Japan fell 16.4% in August to 132,448 cars, marking four consecutive months of year-over-year decrease. Shares of the company ( TM ) have declined about 25% in the last six months. It gets a Seeking Alpha quant rating of Strong Buy with the highest factor grades given to profitability. More on Toyota Motor Recommended For You More Trending News Recommended For You More Trending News About TM Stock Related Stocks Trending Analysis Trending News
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TM
Sec Filings
- 9/25/24 - Form 6-K
- 9/24/24 - Form 6-K
- 9/4/24 - Form 6-K
- TM's page on the SEC website