Toyota Motor Corporation
) total worldwide production increased 16.1% year over year to
913,973 units in Oct 2013. While production in Japan improved
10.1% to 368,341 units, production outside Japan surged 20.5% to
This is the second consecutive month that Toyota delivered
improved production both in and outside Japan. In fact,
production outside Japan reached a record high. The production
figure includes the production of passenger cars, trucks and
buses by Toyota as well as its subsidiaries Hino Motors, Ltd. and
Daihatsu Motor Co., Ltd.
Total sales in Japan increased 9.3% to 183,765 units, driven
by a 33% surge in sales of Hino and an 11.8% increase in sales of
Toyota. Sales in Japan increased for the second consecutive
month, although the combined market share of Toyota, Hino and
Daihatsu declined 3.2 percentage points to 43.6%.
Sales of Toyota minivehicles in Japan increased 11.1% year
over year to 3,225 units in October. The market share of Toyota
in Japan declined 1.6 percentage points to 31.9% including
minivehicles and 2.4 percentage points to 49.7% excluding
Meanwhile, exports increased 6.6% year over year to 172,503
units, driven by a 127.6% surge in exports of Daihatsu to 783
vehicles, while Hino exports rose 1.8% to 7,881 units. Toyota
exports increased 6.6% to 163,839 vehicles in October, driven by
higher exports to North America, Latin America, Asia, Oceania and
Toyota's exports increased for the second consecutive month,
while the combined exports increased for the third consecutive
Some stocks in the automobile sector that are worth
Honda Motor Co., Ltd.
Fuji Heavy Industries Ltd.
). All these stocks carry a Zacks Rank #2 (Buy).
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