Toyota on pace to sell 900,000 vehicles in China in 2013

Article by Anita Panait, on August 1, 2013

Toyota Motor Corp. and its two local joint-venture partners are on pace to sell 900,000 vehicles in China in 2013, despite suffering 3.5-percent year-on-year drop in sales in the country in July, officials at the Japanese carmaker told Reuters. A senior executive and a midlevel official at Toyota told Reuters separately that the prevailing expectation inside Toyota's sales unit in China is that the carmaker would manage to achieve its sales objective for the year with sales momentum expected to pick up in the second half of the year.

Toyota operates joint ventures in China with FAW Group and Guangzhou Automobile Group. The Japanese carmaker is targeting to post a 7.1-percent increase in sales in China in 2013 to 900,000 vehicles.

Toyota disclosed Thursday that it and its two local joint-venture partners posted a 3.5-percent drop in sales in China to about 75,600 units in July. In contrast, the carmakers and its partners posted 9-percent year-on-year increase in June.

The carmaker succumbed to 5.4-percent drop in sales in the first seven months of 2013 to around 492,500 vehicles. The sales figures reaffirm Toyota’s slow but steady recovery from a sales crisis that was a result of the territorial row between China and Japan over some islands in the East China Sea.

Topics: toyota, china, sales

If you liked the article, share on:

Comments

Recommended

There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 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