Toyota logs 2.7% sales growth in China in May 2014 to 81,100 vehicles

Article by Christian A., on June 4, 2014

Toyota Motor Corp. and its two joint-venture partners in China delivered a total of 81,100 vehicles in the country in May, reflecting a 2.7-percent surge from the same month in 2013.

After posting double-digit surges in March (19 percent year-on-year) and April (12.4 percent year-on-year), Toyota slowed down in May as sales of the Corolla in China dropped significantly in anticipation of the arrival of a redesigned version this summer, sources having direct knowledge of the data told Reuters.

In the first five months of 2014, Toyota grew 16.1 percent in Japan to 394,900 vehicles. Toyota expects to post sales topping 1.1 million vehicles in China for the full year 2014. Toyota sold 917,500 vehicles in China in 2013.

If the target is realized, this would the first time that the Japanese carmaker managed to exceed 1 million vehicles in annual sales in China. Toyota initially aimed to top the figure in 2010.

Toyota executive vice president Yasumori Ihara remarked in April that in the longer-term, the carmaker targets to double sales in China to around 2 million vehicles annually.

Toyota has joint ventures in China with China FAW Group Corp and Guangzhou Automobile Group.

Topics: toyota, china, sales

If you liked the article, share on:

Pin It

Comments

Recommended

Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries