Toyota, long a positive stalwart of auto industry sales charts, is looking at posting its first annual decline since the 20th century. Analysts expect Toyota’s sales to drop roughly 2 percent by the end of 2008 compared to last year’s numbers, putting the automaker’s global sales around 8.3 million cars and trucks.
Japan’s Nikkei business newspaper reports that the Toyota group as a whole – which also includes subsidiaries Daihatsu and Hino – will top out at around 9.3 million vehicles sold, still down about 700,000 from 2008 figures.
Initially, Toyota had predicted sales of 9.85 million across the globe, but that number was later revised to 9.5 million and has apparently been internally lowered to around 8.3 million. Last year, Toyota sold 8.43 million Toyota, Lexus and Scion vehicles across the globe.
10/22, 10:20 AM
posted by:
johnnycanuck
Maybe to console themselves they could break into the Prince collection and party like it’s 1999 all over again.
10/22, 10:52 AM
posted by:
Borat
Don’t you feel sorry for them? Instead of 10 bn USD only 7-8 of pure profit. Thanks goodness, Mulally and Wagoner don’t have those horrible nightmares of unrealized profit.
10/22, 11:52 AM
posted by:
ricky_b
and it’s still profit. not like losses mullaly and wagoner have to suck up
10/22, 8:05 PM
posted by:
DrFill
Look at it this way
Every car they sell above 8 Billion is 100% profit.
I think they’ll be alright.
DrFill