In a bid to get back quality control back on track, Honda is dropping its global forecast of six million vehicles for 2017. Last year, the company was plagued by the huge Takata airbag recall in the US and several problems in Japan.
Toyota is expecting to see a sales increase of around two percent next year, according to Automotive News. The Japanese manufacturer is set to retake its position as the world's largest automaker this year, and 2013 may see the company's global sales step to 9.91 million vehicles. That figure includes sales from subsidiaries like Hino Motors and Daihatsu Motor Company. Much of that projection depends on US sales increasing to balance out a 15-percent decline in Japan. The Japanese government all
The last we heard, the auto industry was booming. Sales are healthy and recovery from the multi-year slump brought on by the global economic meltdown of 2008 is well on its way, with domestic sales projected to reach as high as 14.5 million vehicles. We even heard a rumor that Ford would soon be installing cash machines in its executive lavatories that dispensed well-worn twenties.
2009 was the single worst sales year for the auto industry in 30 years, with just 10.4 million vehicles moving off dealer lots. Consultancy A.T. Kearney feels a lot better about 2010 and beyond, though, as pent-up demand is beginning to creep into the market. A.T. Kearney predicts that by the time 2010 is in the history books, the industry will have hit between 11.4 and 12.3 million cars and trucks sold, but if you hold the company to just one number, it estimates a market of 11.7 million units.
There have been subtle signs that demand for new cars and trucks are improving. Several automakers plan to increase production over the next few months, and Toyota is no different. Reuters is reporting that the World's Largest Automaker has raised its sales forecast by 3% to 6.7 million units for the year ending March 2010. Toyota is also reportedly looking to increase production by a not-so-subtle 8% to a total of 6.45 million units. Toyota is neither confirming or denying the report, which ori
The global auto sales downturn has been as painful as it's been swift, but a report from Yomiuri shows that the worst of times may be over. The Japanese news agency (via Automotive News) reports that Toyota has raised its vehicle production forecast upwards by 3% to 6.5 million units. That's still a far cry from Toyota's amazing 2008, yet the positive adjustment is still worth over 300,000 units of additional production.
Get those big foam fingers ready, Toyota fans - the Japanese automaker looks set to vault into the global #1 spot sooner than later. The automaker is now predicting that worldwide sales will grow 11 percent in 2008, to 9.8 million units. General Motors, the current number one, sold 9.17 million units in 2005.