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Toyota worldwide sales reached over 10.5 million vehicles and $258 billion in revenue in 2022.
Automotive revenue was up 8% for Toyota worldwide, however profit was down 1% due to an increase in the cost of manufacturing. Like many automakers based in Japan, Toyota discloses revenue on a fiscal year dated from April through March. For improved readability we disclose the year ending March 31st 2023 as year 2022 sales. We converted Japanese Yen to US Dollars for this report based on the exchange rate at the end of each fiscal year. The profit displayed is gross profit after the cost of materials is subtracted, but before administrative fees. |
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2023 Toyota SalesToyota worldwide sales are estimated to reach 11.4 million cars in 2023.
High costs are expected to outpace revenue, and put constraints on net profit margins, but demand remains strong and Toyota is well positioned to transfer into a carbon neutral brand leader in emerging EV markets. |
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