Toyota has been forced to cut their global production plan of vehicles due to the continued shortage of required parts.
For the next three months, Toyota is expecting to cut production by at least 150,000 cars, which will likely lead to increased wait times for vehicles.
“In last month’s production plan, we (Toyota) announced that the average monthly production plan for the next three months (September through November) would be approximately 900,000 units,” the company said.
“However, due to the impact of semiconductor shortages, the planned global production volume for October is expected to be approximately 800,000 units (approx. 250,000 units in Japan and 550,000 units overseas).
“The global production plan for October through December is planned to average approximately 850,000 units per month.
“This plan is based on careful confirmation of parts supply and the personnel structures and facility capacities of our suppliers.”
Toyota has been forced to make production cuts all year as COVID-related supply chain issues and semiconductor shortages continue to place pressure on vehicle manufacturers.
“Demand for new vehicles is at unprecedented levels. In Australia, to support the strong demand, Toyota Australia been working closely with our global production teams to secure as many vehicles for our market as possible,”
“Wait times vary depending on the model, variant and specification requirements of each customer. The RAV4 Hybrid, Camry Hybrid, LandCruiser 70 and LandCruiser 300 are in particularly high demand and currently have longer wait times.
“Due to the evolving nature of this situation, Toyota dealers are best placed to continue to provide updates to customers on delivery timeframes for individual orders.”
Did you find this article interesting? Don’t forget to give it a like by clicking the heart button above!