CPCA’s Cui Dongshu: Toyota Market Cap Fell 27% in June, Tesla Up 47% YoY

Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), said in a July 1 post that global automakers’ market-cap moves in June were “brutal,” with overall valuations at the lowest level in 25 years. He said the market caps of international automakers such as Toyota and General Motors fell 7% year-on-year and 9% month-on-month, according to Jiemian News.

CPCA data covering more than 40 major automakers showed Toyota’s market cap fell 27% month-on-month in June and was down 12% year-on-year, hitting an 18-month low. Honda’s market cap fell 13% month-on-month and 22% year-on-year.

Toyota reported May 2026 global production of 857,765 vehicles, down 5.8% year-on-year, and global sales of 885,207, down 7.4%; its May sales in China were 102,300 vehicles, down 31.7%. Toyota has also said it will cut overseas output by about 100,000 vehicles by February 2027.

By contrast, Tesla’s market cap fell 4% month-on-month in June but rose 47% year-on-year, Cui said.