Toyota plans to increase global sales target this year or close to 10 million

According to foreign media reports, Toyota Group's sales in the first half of this year exceeded expectations and will increase its global sales forecast this year. Foreign media expects the total sales of the entire group to reach nearly 10 million units in the year.

For the first time approaching 10 million mark

Japan’s “Yomiuri Shimbun” reported on July 31 that due to rapid sales growth in emerging markets, Toyota Motor Corp plans to increase its global sales forecast for this year from 8.58 million units announced in February to 8.8 million units. The adjustment will be announced when the first half of the financial data is announced on August 3. With the addition of the sales of Hino and Daihatsu's two subsidiaries, the total Toyota Group's total sales for the full year are expected to approach 10 million units, compared with the 9.58 million expected in February.

On July 25th, Toyota announced that its total global sales volume in the first half of this year was 4.97 million, which became the sales champion among all car companies. Compared with the 3.72 million vehicles in the first half of last year, it increased by 33.6%. Toyota suffered a strong rebound after suffering from Japan’s super earthquake, floods in Thailand, and a stronger yen in the past year. The increase in sales was mainly due to the strong growth in emerging markets such as China and Southeast Asia, and the rapid recovery of lost market share in the US market. From the output data, the total output of the Toyota Group (including Hino and Daihatsu) reached 5,247,777 vehicles in the first half of the year, a year-on-year increase of 55.5%.

In the expected value announced in February, the Group’s total sales volume of 9.58 million vehicles increased by nearly 21% from the same period of last year’s 7.95 million vehicles. Sales in overseas markets rose by 18% year-on-year to 7.26 million vehicles, while the Japanese domestic market rebounded sharply by 30% to 2.32 million vehicles. Toyota Motor Corp’s 8.58 million vehicles target increased by 21% from the 7.09 million vehicles in 2011; Daihatsu increased 17% year-on-year to 850,000 vehicles in 2011; Hino Motor increased the number from 120,000 to 150,000 vehicles by 23%. .

According to forecasts from Reuters Thomson Reuters I/B/E/S, Toyota’s operating profit for the second quarter of this year will reach 306.6 billion yen (approximately US$3.9 billion), compared to a loss of 108 billion yen in the same period of last year. .

Originally, as Toyota may slow down its pace of growth in the second half of the year, some people in the industry believe that there is still the possibility of being overtaken by GM and the general public. According to the "Nihon Keizai Shimbun" reported on July 25, due to the expiration of the Japanese government's fuel-saving vehicle subsidy policy in October this year, Toyota's average daily output will be reduced by 16% compared with January to May this year.