Toyota expects its sales to grow six percent in 2010 as the auto industry recovers from its worst ever downturn. Toyota is forecasting sales of 8.27 million vehicles in 2010, which is still down from the record 9.37 million units it sold in 2007.
“All in all, it’s probably an achievable target,” said Christopher Richter, auto analyst at CLSA Asia-Pacific Markets.
Excluding sales of Daihatsu and Hino, Toyota expects its worldwide sales to total 7.4 million, up 6 percent. Toyota expects sales in Japan to increase by 9 percent to 1.5 million vehicles, largely due to Japan’s own “Cash for Clunkers” program that has been extended six months to the end of September. Sales in the US and China are also expected to rise this year.
Full Story: Reuters