Is Toyota Making Money? — Market Mad House
The Toyota Motor Corp (NYSE: TM) is the largest automaker but is it making money?
Statista estimates, Toyota sold 9.6 million vehicles in the fiscal year ending in March 2019. Meanwhile, The Daily Kanban estimates Toyota’s year-to-year sales grew by 4.3% between January/February 2018 and January/February 2019. However, The Daily Kanban estimates Toyota’s production for that period at 10.6 million vehicles slightly ahead of Statista’s estimate.
Either way, Toyota is building a lot of cars and its production is increasing. However, Toyota is still the world’s largest second-largest carmaker with global sales of 10.521 million in the year ending in March 2019, The Largest.Org estimates. Consequently, Toyota’s archival Volkswagen AG (OTC: VWAPY) is still the number one automaker with global sales of 10.831 million in the last fiscal year.
Toyota is making a lot of Money
Toyota is making a lot of money from all those cars. For instance, the company reported an annual gross profit of $49.80 billion for the fiscal year…
