Toyota increases sales forecast

Despite saying that sales volume isn't important, Toyota has increased its sales forecast. Toyota has raised its global group forecast to 8.15 million vehicles, from an earlier 8.03 million. Toyota is expecting to see big gains in the US and Middle East markets, perhaps as much as 600,000 more than a year earlier. Toyota is expected to release an offical update of its 2005 global group sales forecast. The group forecast will also include commerical truck maker Hino, as well as Daihatsu. Toyota has seen a nearly eleven percent increase in US sales in the first half of 2005. To take advantage of the increased demand, Toyota is also raising prices on it's models.