Good morning and welcome to The Downshift, or TDS for short.
The Downshift is our daily summary of all the auto industry headlines you need to know. News is recapped with a few sentences with links to dig deeper if you wish, and it pairs great with a warm caffeinated beverage of your choosing. Let’s kick Monday off, shall we?
Toyota fended off supplier headwinds due to the war in the Middle East as well as U.S. tariffs to record 11.3 million sales globally for the fiscal year that has just concluded, per Bloomberg. In the U.S. specifically, the automaker claimed nearly 2.52 million vehicles sold across Toyota and Lexus brands, a 7.7% increase over the prior period. The results for March alone better reflected the current predicament facing manufacturers, though, with global sales tumbling 6% year-on-year.
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Author: Adam Ismail
