Toyota said on Thursday that the company's global production and sales declined for the first time in two years in the first half of the year due to weak demand in the regional market and the replacement of its popular SUV model, the RAV4. Global sales declined 2.9% year-on-year from January to June, slightly exceeding 5 million units. In the first six months of this year, global automobile production fell 1.2% year on year to less than 4.9 million units. In June, global sales increased slightly by 0.1% to 868,454 vehicles, and production increased 2.9% to 879,321 vehicles. Toyota's data includes sales and production volumes for its luxury brand Lexus.

Toyota said on Thursday that the company's global production and sales declined for the first time in two years in the first half of the year due to weak demand in the regional market and the replacement of its popular SUV model, the RAV4. Global sales declined 2.9% year-on-year from January to June, slightly exceeding 5 million units. In the first six months of this year, global automobile production fell 1.2% year on year to less than 4.9 million units. In June, global sales increased slightly by 0.1% to 868,454 vehicles, and production increased 2.9% to 879,321 vehicles. Toyota's data includes sales and production volumes for its luxury brand Lexus.