Toyota Motor Corp. said Wednesday its global sales surged 44.2% in March from a year ago to a record 982,912 units, buoyed by strength in key U.S. and Chinese markets and showing a sharp rebound from the initial fallout from the pandemic.
Toyota's global sales and output rose for the seventh straight month on a year-on-year basis as it manufactured 843,393 vehicles in March, up 31.6%.
The pace of Toyota's recovery has been faster than its rivals with a 19.1% jump in global sales for the first three months of 2021 from the previous year, much larger than its target of 10%.