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Toyota already forecasting record sales in 2013

Zach Bowman — Wed, 26 Dec 2012 14:16:00 EST

Filed under: Japan, Toyota, Earnings/Financials

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 allowed subsidies for fuel-efficient vehicles to expire in September, and Toyota sales have slackened as a result.

Globally, new vehicle sales are expected to crest 80 million units for the first time in 2012 despite economic woes in the European Union. Next year, Toyota expects to see its overseas operations enjoy an eight percent rise in sales to 7.87 million units while Japanese deliveries are projected to decline to 2.04 million vehicles. The company predicts sales in Asia, meanwhile, will be driven largely by Indonesia. Interestingly enough, the company has not settled on a sales target for China.

Toyota already forecasting record sales in 2013 originally appeared on Autoblog on Wed, 26 Dec 2012 14:16:00 EST. Please see our terms for use of feeds.

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Toyota earns $1.2B in Q1 amidst recall mess

Jeremy Korzeniewski — Tue, 11 May 2010 13:28:00 EST

Filed under: Toyota, Earnings/Financials

Conventional wisdom might tell you that Toyota should have lost loads of money last quarter in the wake of the company's largest-ever global recall and safety scandal. Perhaps it shouldn't surprise us too much to hear that conventional wisdom would be all wrong. In reality, Toyota reported a profit between January and March of this year of $1.2 billion.

This profit comes despite the fact that Toyota reports expenditures related to the recall mess at a little over a billion dollars (or, 100 billion yen) and surely took a monetary hit compared to previous years due to the unprecedented spate of incentives to keep sales rolling. The gurus at Edmunds estimate that Toyota's incentive spending is up by over half (an average of $2,498 per vehicle) compared to the previous year.

According to company head Akio Toyoda, the automaker plans to continue boosting profits by "[offering] high quality, reasonably priced vehicles." That certainly sounds reasonable, no? Executing on that promise, though, is the hard part. Click on past the break for a complete rundown of Toyota's latest financial report.

[Source: The Detroit News, Toyota | Image: David McNew/Getty]

Continue reading Toyota earns $1.2B in Q1 amidst recall mess

Toyota earns $1.2B in Q1 amidst recall mess originally appeared on Autoblog on Tue, 11 May 2010 13:28:00 EST. Please see our terms for use of feeds.

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REPORT: Toyota increases 2009-2010 global sales forecast by 3%

Chris Shunk — Mon, 28 Sep 2009 08:59:00 EST

Filed under: Plants/Manufacturing, Toyota

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 originated in the Tokyo Shimbun daily.

Some of the reasons cited for the increased forecast and production center around incentives from governments all over the world. Here in the States, Cash for Clunkers payed a big role in Toyota's sales increase, while low emissions vehicle subsidies of up to $2,800 by the Japanese government has helped spur sales in the automaker's home market.

[Source: Reuters]

REPORT: Toyota increases 2009-2010 global sales forecast by 3% originally appeared on Autoblog on Mon, 28 Sep 2009 08:59:00 EST. Please see our terms for use of feeds.

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