Toyota Blames High Gas Prices Not Outrageous Sticker Prices For Declining Global Sales
Posted on 6/30/2026 by Agent009
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The world’s top-selling automaker is feeling the impact of rising gas prices. Toyota reported its fourth straight month of lower global sales in May, as EVs continued to drive growth.
 
Toyota announced global sales, including the Lexus brand, fell 7.2% in May from a year ago to 834,279 units.

May marks Toyota’s fourth consecutive month with lower global sales than the year prior. Although demand remained steady in key markets, including North America, Europe, and Japan, the company said lower sales in China weighed on global results, resulting in an overall decrease in May.