P&A Providers & Administrators
MenuMENU
SearchSEARCH

Toyota Trims July Production Totals

The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.

June 28, 2022
Toyota Trims July Production Totals

 

Credit:

Creative Commons

2 min to read


Pandemic constraints and global supply chain chaos are chipping away at Toyota’s production targets with the automaker expected to close at the year around 400,000 vehicles from its original production goals for 2022.

Toyota had originally hoped to best its annual production totals but has had to trim its forecast every month amid supply challenges. Most recently the automaker dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000. The company attributes the July cutback to a COVID-19 outbreak at a supplier.

Ad Loading...

Though the automaker has trimmed production since the onset of its Fiscal Year on April 1, Toyota has kept its production goal unchanged at 9.7 million vehicles for the full fiscal year.

But the automaker has missed lower production targets as well. The automaker’s current production pace suggests it may be hard to reach its record goal.

Toyota had planned to produce 3.2 million vehicles from January to April, for example, even after the production cuts, but instead only manufactured 2.93 million vehicles.

The full-year 9.7 million target represents output for only the Toyota and Lexus brands. This figure doesn’t cover consolidated figures for the Daihatsu minicar or Hino truckmaking subsidiaries.

Toyota reports it will have to produce an average of 840,000 vehicles a month from July through March to reach its fiscal-year target of 9.7 million. Toyota has achieved this rate only once, in March, with output of 866,775 vehicles.

Ad Loading...

"Although the situation continues to be uncertain, we will carefully monitor our suppliers' personnel structure and equipment capacity and place the highest priority on quality and safety in our production," spokeswoman Shino Yamada told Automotive News.

Global auto production fell 9.1% in April to 692,259 vehicles, well below the 750,000 forecasted.

Global production fell 8.9% in the fiscal year ended March 31, 2021, as the pandemic slowed economic activity around the world.

Toyota has said it will slow production outputs as needed as part of an "intentional pause" to achieve a more "reasonable" pace of output as the pandemic and the ensuing chip shortage continue to crimp the industry.

 

Originally posted on Auto Dealer Today

More Industry

Photo of gray SUV plugged into public electric-vehicle charger in parking lot
Industryby Hannah MitchellJuly 21, 2026

World EV Adoption Set to Grow

A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.

Read More →
Bar chart of truck and SUV segments' weekly value change
Industryby StaffJuly 21, 2026

Black Book: Weekly Market Update

Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.

Read More →
laptop with blue car on screen on a shopping website, Clear Costs Convert
Industryby Lauren LawrenceJuly 21, 2026

Pricing Transparency Drives Purchase Consideration

An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.

Read More →
Ad Loading...
Bar graphic of used-car segment weekly change
Industryby StaffJuly 14, 2026

Black Book: Weekly Market Update

Used-vehicle market depreciation was the prevailing story in the wholesale market last week.

Read More →
Light-blue Fiat car parked on a sunny Chicago street
Industryby Hannah MitchellJuly 14, 2026

Smaller Is Looking Better

A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.

Read More →
man sitting at desk using calculator with charts in front of him, to-go coffee cup on desk, rising and falling data chart in front
Industryby Lauren LawrenceJuly 14, 2026

U.S. EV Market Slowly Stabilizes

U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.

Read More →
Ad Loading...
blue background, map of the world with connecting lights and an electric vehicle emblem in the middle
Industryby Lauren LawrenceJuly 8, 2026

Global EV Market Entering New Phase

Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.

Read More →
Bar chart showing week-over-week wholesale automotive price change
Industryby StaffJuly 7, 2026

Black Book Weekly Market Update

The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.

Read More →
Photo of Honda CR-V SUV on two-lane road next to roadside trees
Industryby Hannah MitchellJuly 1, 2026

Auto Affordability in Context

Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.

Read More →
Ad Loading...
Line chart of used-vehicle days to turn over past week
Industryby StaffJune 30, 2026

Black Book: Weekly Market Update

Automotive auction inventory increased last week, giving choosy bidders even more leeway.

Read More →