Toyota expects 2020 global car sales to stay at record-high levels

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEFBG0GU_L.jpg

TOKYO (Reuters) – Toyota Motor Corp (T:) expects its global vehicle sales to stay at record highs in 2020, even as demand shows signs of slowing in China and the United States, the world’s top car markets.

The Japanese automaker said it planned to sell a record 10.77 million vehicles next year, including cars sold under the Toyota, Lexus and Daihatsu brands along with Hino trucks, a touch higher than its plans to sell 10.72 million units for the year ending December.

Competition to sell more vehicles is tight among the world’s biggest automakers as they try to boost sales to achieve economies of scale and reduce costs at a time when they are investing heavily to develop next-generation technologies including self-driving vehicles and electric cars.

Germany’s Volkswagen (DE:) has been the top-selling automaker for the past five years, delivering 10.83 million vehicles including its MAN and Scania heavy trucks in 2018.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment