Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.
Toyota’s unit sales in June rose 20% from a year earlier to 844,750 units. Total output rose 41% to 831,533 units, a record for the month.
Worldwide automobile demand is soaring in 2021 after sales floundered last year. At the same time, a prolonged chip shortage is continuing to crimp production. This has led to dwindling dealership inventories with some automakers unable to keep up with demand.
