Can Toyota Keep Up Its Operational Efficiency?
Toyota Motor (NYSE: TM) has seen its Automotive Revenue decline over the 2013-2015 period as the U.S. dollar strengthened and sales made in Japan and other non-North American markets meant less in dollar terms. However, costs fell faster as close to half of Toyota’s production is based in Japan and the yen lost close to 33% of its value against the dollar over the same period. But in 2016, the yen has began to appreciate against the dollar so expenses will start rising once again. Still, we expect Toyota’s revenue to rise faster as it is the market leader in Japan and is increasing its presence in the rapidly growing Crossovers and trucks markets in the U.S.
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1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Toyota Motor
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