Investing.com -- Toyota (NYSE: TM ) reported on Thursday that its global output and sales have increased for the fourth consecutive month in April.
The rise is attributed to robust demand for hybrid vehicles and a surge in buying in the United States, spurred by President Donald Trump’s import tariffs.
Toyota’s global sales for April rose 10% compared to the same month last year, reaching 876,864 vehicles.
The Japanese automaker also saw an uptick in its global vehicle production in April, with an 8% increase year-on-year to 814,787 vehicles.
This growth was propelled by increased production in Japan, North America, South America, and China.
The reported production and sales figures encompass Toyota’s luxury Lexus brand.
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