Toyota's UK profit has been virtually eliminated as the manufacturer grappled with declining market share and adherence to the ZEV [Zero Emission Vehicle] mandate.

The Surrey-based division reported a pre-tax profit of just £462,000 for the 12 months to 31 March, 2025, plummeting from the £11.5m achieved in the previous year, as reported by City AM .

Fresh accounts lodged with Companies House also reveal Toyota's turnover dropped from £3.5bn to £3.3bn during the same timeframe.

Toyota's income from new vehicle sales decreased over the year from £2.9bn to £2.7bn whilst its revenue from second-hand cars climbed from £129.6m to £151.7m.

The manufacturer's market share slipped from 6.5 per cent to 5.8 per cent in 2024 and continued falling to 5.4 per cent in the months leading to March 2

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