Toyota sees slower sales in South America, Caribbean

Toyota Motor expects its sales in South America and the Caribbean to increase 0.9 percent in 2019 compared with 2018, Celso Simomura, vice president of Toyota’s Brazil operation, stated on Tuesday.

He stated Toyota expected to sell 445,000 vehicles throughout the region in 2019, up from 441,000 in 2018. Simomura added that growth had been higher in these years, with 5.2 percent sales growth in last year, and 6.9 percent growth in 2017, but did not provide a reason for the slowdown.