- Toyota recently announced North American September sales rose 16.2% as compared to expectations of a negative print.
- The gains were driven by increased sales of hybrids, sedans, and trucks.
- That said, total global sales in Q1FY21 (ended June 30, 2020) were down 50% YoY.
- While cost-cutting and parts sharing efforts will increase margins, that may be offset by larger R&D spending on EV development.
- Meanwhile, potential headwinds include currency, tariff, and raw material inflation risks.
For further details see:
Toyota: Sales Are Bouncing Back Faster Than Expected