Toyota's global production fell 16 percent in August due to a chip shortage

Toyota Motor Corp said its global production fell 16.2% year-on-year in August to 531,448 vehicles, the first decline this year, due to the spread of COVID-19 in Southeast Asia and tight semiconductor supply.
Still, Toyota sold 748,893 vehicles worldwide in August, up 3.9 percent from a year earlier, its 12th straight month of growth.
Toyota has already announced production cuts for September and October, and expects its global production to be about 50 percent lower than originally planned in September and about 40 percent lower in October.
Toyota expects the impact of recent production cuts on sales to become more pronounced in the coming months, clouding the outlook for the industry.

In August, Toyota produced 345,722 vehicles overseas, down 19.9% from a year earlier;
Production in Japan was 185,726, down 8.4% year on year.
By region, Toyota's production in China fell 30.3 per cent year on year and in Asia, excluding Japan, fell 21.4 per cent.
Production in North America fell 14.6 percent.

In terms of sales, Toyota sold 637,324 vehicles overseas in August, up 3.4% from a year earlier.
Although the spread of the epidemic prompted Toyota some dealers in China temporarily shut down, but the RAV4 rong put | inquiry (parameters), Toyota's north American sales flat.
Toyota sold 111,569 vehicles in Japan, up 6.7% from a year earlier, helped by strong demand for the YARiS and Roomy, which, it's important to note, includes sales of subcompact cars.

Toyota, the world's best-selling automaker, has lowered its forecast for fiscal year 2021 (April 1, 2021 to March 31, 2022) to 9 million vehicles, 300,000 fewer than its original production plan, due to parts shortages.