Toyota will reach 1 million new-car sales in Europe within two years

Article by Christian A., on June 9, 2011

Didier Leroy, Toyota Motor Corp.’s head in Europe operations, disclosed in an interview with the Financial Times that the company will reach 1 million sales from new vehicles in the region within two years, a level that it last obtained before the global financial crisis.

Leroy, who is CEO of Toyota Motor Europe, stated that there is “absolutely” no reason why the company should sell less than 1 million units in the region by 2012 or 2013.

He added that the company will start to expand in the pan-European market. In 2005, Toyota Europe first achieved sales of 1 million, and obtained a record 1.2 million in 2008, prior to sharply dropping during the financial crisis and being met with a series of recalls that adversely affected the company’s reputation.

Last year, the company sold 808,000 units in Europe and Russia, but its sales this year will be "much higher than that," Leroy told the Financial Times.

With the introduction of a new variant of Toyota Yaris compact vehicle later this year and the launch of the Lexus CT200h gasoline-electric hybrid compact hatchback, the company forecasts a boost in sales.

In addition, Leroy stated that the company expects to regain the 40,000 vehicle production units that had been lost in Europe after the March 1 disaster in Japan.

Topics: toyota, europe, sales

If you liked the article, share on:

Comments

Recommended

Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Dodge has made it clear to everyone, including its potential buyers, that the Challenger SRT Demon is a street-legal drag car - that it is unlike any of your ordinary...
by - June 22, 2017
After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 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