Toyota Motor Corporation Australia (TMCA) has posted an after-tax profit of $206 million for the year ending 31 March 2019 (FY18: after tax profit of $137 million). 

Comprising Toyota Australia and Lexus Australia operations, TMCA sold a total of 223,096 vehicles locally during FY19.

In 2018, Toyota Australia was crowned the market leader for the 16th year in a row with the Hilux being named Australia’s best-selling vehicle for the 3rd year running, followed closely by the all-new Corolla hatch, Australia’s most popular passenger car.

“This is our first full year trading as a sales and distribution company, and Toyota market share increased from 18.2% in 2017 to 18.8% in 2018, which is quite a remarkable result considering the market decline in the second half of the financial year,” said Matthew Callachor, Toyota Australia President and CEO.

“I am immensely proud of the dedication and commitment of our people to have kept the growth momentum while staying true to Toyota’s philosophy of continuous improvement.”

Source: Motor Trader E-Magazine (July 2019)

10 Jul 2019