Toyota Motor upgraded its full-year operating profit forecast by 8 percent on expectations of a weaker yen however flagged a unfavorable outlook for North America, its biggest market, where quarterly sales was up to the most affordable in almost 3 years. Japan’s biggest automaker is having a hard time to sell more cars in North
Japan’s leading automakers are taking pleasure in strong development in China, the world’s top automobile market, bucking concerns about a downturn in the market after tax incentives were cut down this year. Toyota Motor and Honda Motor stated on Tuesday vehicle sales in China increased near 15 percent in September, after strong sales in August.
General Motors vehicle sales in China increased 12 percent in August from a year previously to 328,425 units, after a 6.3 percent increase in July, automaker stated on Tuesday. The automaker’s January-August sales amounted to 2.38 million vehicles, a 0.3 percent gain from the same duration a year earlier. The sales figures come on the
Toyota Motor North America (TMNA) reported its U.S. May 2017 sales of 218,248 units, a decline of 0.5 percent from May last year on a volume basis. With another selling day in May this year compared with May last year, sales dropped 4.5 percent on a daily selling rate (DSR) basis. Toyota published May 2017
Automakers could be betting on a possible increase in demand from a new federal facilities program to boost sinking sales and clear inventories of vehicles, the head of Toyota Motor’s North American operations stated. Toyota North America CEO Jim Lentz told press reporters at a briefing that demand for brand-new vehicles and light trucks in
Australian new vehicle sales were higher in January, preserving the momentum of 2015’s record speed as purchasers continued to flock to sport utility vehicles. The Australian Federal Chamber of Automotive Industries’ VFACTS report revealed 84,910 new automobiles were sold in January, rise of 0.6 percent on the same month in 2016. Some 1.178 million automobiles