Toyota Motor Corporation’s TM total worldwide production improved 3.2% year over year to 856,845 units in Nov 2015. This was backed by a 2.2% rise in production in Japan to 338,628 units, and a 3.9% increase in production outside Japan to 518,217 units. The production figure includes passenger cars, trucks and buses manufactured by Toyota as well as its subsidiaries, Hino Motors, Ltd. and Daihatsu Motor Co., Ltd.
Total sales in Japan dropped 1.7% to 177,631 units, due to a 10.2% decline in sales of Daihatsu vehicles that offset the 0.8% rise in sales of Hino and a 2.2% increase in sales of Toyota vehicles. The combined market share of Toyota, Hino and Daihatsu increased 2.3 percentage points to 45.7%.
Sales of Toyota mini-vehicles in Japan decreased 12.7% year over year to 2,356 units in November. The market share of Toyota in Japan rose 2.7 percentage points to 31.3%, including mini-vehicles, and 1.1 percentage points to 49.7%, excluding mini-vehicles.
Meanwhile, exports went up 6.5% year over year to 169,312 units owing to an 8.3% rise in Toyota’s exports and a 4.8% surge in Daihatsu’s exports.
Toyota currently carries a Zacks Rank #4 (Sell). Better-ranked automobile stocks include General Motors Co. GM, O'Reilly Automotive Inc. ORLY and Fox Factory Holding Corp FOXF. All these stocks carry a Zacks Rank #2 (Buy).
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