DAILY ROUNDUP | MAY 11 | Toyota Profit -49%, Loaners 50-to-12, Used EV Demand +59%
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Toyota’s revenue rose to 12.6 trillion yen, but operating profit still fell 49%, showing how brutally input costs, tariffs, labor, and EV competition are compressing margins.
Today’s episode follows that squeeze from Toyota’s $10 billion North American localization plan to NADA’s service-bay discipline, Palm Springs Nissan’s loaner fleet cut, and a used EV market where demand is up 59% year over year.
Today's Key Headlines
~Toyota revenue rises to 12.6 trillion yen while operating profit…
The skinny
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