Toyota global sales fell 7.4 percent in May to 885,207 units

Toyota reported Monday that its global vehicle sales, including Daihatsu, fell 7.4 percent from a year earlier to 885,207 units in May. The company said production declined 5.8 percent to 857,765 units over the same period.

Regional sales performance Sales in the Middle East dropped 38.6 percent, while sales in China fell 31.7 percent. The company exports roughly 500,000 to 600,000 vehicles annually to the Middle East and had assumed slightly less than half of that volume would be affected by shipping disruptions.

Industry-wide impact Honda Motor reported global sales fell 4.9 percent to 283,623 units, including a 52 percent decline in the Middle East. Nissan Motor said its global sales dropped 10.3 percent to 229,870 units, with production falling 8.6 percent. The company has forecast operating income of ¥3 trillion for the fiscal year through March 2027, down from ¥3.8 trillion in the prior period.