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If anybody harbored plans to kick Toyota in the shins and topple them from their top spot as the world’s largest automaker: Well, it didn’t work. Wags all over the world were predicting the worst for Toyota, but the numbers tell a totally different story. In the first five months of 2010, all units of Toyota produced 55.1 percent more cars worldwide than in the same period of 2009. The following table speaks for itself.
Toyota January 1 to May 31, 2010 worldwide production
| Toyota | Daihatsu | Hino | Total | |||||
| PRODUCTION IN JAPAN*1 | 1,410,637 | (66.0) | 283,588 | (-3.2) | 38,717 | (87.4) | 1,732,942 | (49.0) |
| SALES IN JAPAN*2 | 711,052 | (48.0) | 271,696 | (4.6) | 12,429 | (26.0) | 995,177 | (32.7) |
| EXPORTS | 708,394 | (71.6) | 19,839 | (22.9) | 26,272 | (90.0) | 754,505 | (70.4) |
| OVERSEAS PRODUCTION*3 | 1,820,878 | (62.0) | 58,927 | (34.0) | 4,167 | — | 1,883,972 | (61.3) |
| WORLDWIDE PRODUCTION | 3,231,515 | (63.7) | 342,515 | (1.7) | 42,884 | (107.5) | 3,616,914 | (55.1) |
| *1Includes kits for overseas assembly; *2includes overseas production; *3excludes kits from Japan | ||||||||
PS: Volkswagen, the company that wants to dethrone Toyota by 2018, better try harder. From January to May 2010, the Volkswagen Group registered a growth of 18.1 percent.
One Comment on “Toyota’s Worldwide Production Up 55 Percent For The Year...”
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The note of caution to the comparison, though, is that VW’s 18% growth is in sales, Toyota’s is in production. Without knowing what the starting and ending inventory levels were, it’s not quite an apples-to-apples comparison.
We really need Toyota’s *sales* growth numbers. Undoubtedly they will be strong, though I suspect a fair bit less than 55% (the May production growth of 28% seems like it’s more in range …).