Toyota announced today that it has increased its 2007 sales predictions for China on strong demand for small cars. The Japanese automkaer increased its forecast to 480,000 units — up from 430,000 — thanks to solid sales of the company’s Vios small car and the newly introduced Camry.
Toyota plans to sell 700,000 cars in China in 2008, a 46% increase over this year’s newly adjusted target. According to The Detroit News, the higher projection is due to increased Yaris production, which will begin at a local plant next year.
Toyota plans to sell 1 million cars annually in China by the beginning of the next decade.
