Toyota Motor Corporation’s (TM - Free Report) total worldwide production declined 5.1% year over year to 860,963 units in Oct 2016. This resulted from a 5.1% production cut in Japan to 331,034 units and a 5.1% decline in production outside Japan to 529,929 units. The production figure includes passenger cars, trucks and buses manufactured by Toyota as well as its subsidiaries, Hino Motors, Ltd. and Daihatsu Motor Co., Ltd.
Sales in Japan
Total sales in Japan dropped 1.1% to 174,824 units owing to a 1.9% decrease in sales of Toyota vehicles and a 2.2% fall in sales of Hino vehicles, which offset a 1.3% rise in sales of Daihatsu vehicles. The combined market share of Toyota, Hino and Daihatsu in Japan dipped 0.3 percentage points to 46.1%.
Sales of Toyota mini-vehicles in Japan improved 29.7% year over year to 2,896 units in October. The market share of Toyota in Japan fell 0.5 percentage points to 32.5%, including mini-vehicles, and 1.7 percentage points to 49.4%, excluding mini-vehicles.
Exports from Japan
Exports from Japan dropped 4.4% year over year to 162,143 units owing to a 4% and 3.9% decline in Toyota’s and Hino’s exports, respectively.
Toyota currently carries a Zacks Rank #3 (Hold). Some better-ranked auto stocks include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Allison Transmission, sporting a Zacks Rank #1 (Strong Buy), has a long-term growth rate projection of 11%.
America's Car-Mart has a long-term expected growth rate of 45.5%. The company sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Rush Enterprises, carrying a Zacks Rank #2 (Buy), has a long-term expected growth rate of 15%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>