Toyota Motor Corporation TM raised its total worldwide production by 0.1% year over year to 907,008 units in Oct 2015. The increase resulted from a 0.9% rise in production in Japan to 348,789 units, which offset a 0.4% decline in production outside Japan to 558,219 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 went up 1.5% to 176,694 units, due to a 12.5% rise in sales of Hino and a 2.7% increase in sales of Toyota vehicles, which offset the 2.8% fall in sales of Daihatsu vehicles. The combined market share of Toyota, Hino and Daihatsu increased 2.6 percentage points to 46.5%.
Sales of Toyota mini-vehicles in Japan decreased 8.9% year over year to 2,233 units in October. The market share of Toyota in Japan rose 2.2 percentage points to 33%, including mini-vehicles, and 1.4 percentage points to 51.1%, excluding mini-vehicles.
Meanwhile, exports went up 1.6% year over year to 169,595 units due to a 3.1% rise in Toyota’s exports and a 19.4% surge in Daihatsu’s exports.
Toyota currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include General Motors Co. GM, O'Reilly Automotive Inc. ORLY and Pep Boys – Manny, Moe & Jack PBY. All these stocks carry a Zacks Rank #2 (Buy).
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