Overview

• Toyota’s global sales climbed 6.9% year on year to 898,721 vehicles in May, marking the fifth consecutive monthly sales record.
• Global vehicle production slipped 0.7%, the first decline in five months, as Japanese plants recorded fewer operating days.
• The automaker will raise US vehicle prices by more than US$200 in July to help offset escalating tariff costs.
• President Trump’s 25% US auto duties have cost Toyota about ¥180 billion in April and May, spurring Tokyo to seek an exemption.
• Nissan and Honda each project roughly US$3 billion in losses from the tariffs while Subaru and Mazda have withheld profit guidance.