Toyota’s sales in China may grow more than 10 percent next year

Article by Christian A., on August 26, 2010

Toyota Motor Corp.'s sales in China are predicted to increase by over 10% next year, Masahiro Kato, president of the company's China business, told reporters in Beijing. He also said that Toyota is expected to meet its 2010 target to raise deliveries by 13% to 800,000 vehicles.

Earlier this week, Toyota introduced the Lexus RX 270 sport-utility vehicle, the IS 250 sedan and the IS 250C convertible in China.

The rate of China's industry-wide passenger-car deliveries is at its slowest pace since March 2009 with a 13.6% increase in July.

This is attributed to the drop in demand as inflation reduced disposable income and as government undertook some steps to cool the economy. The Daiwa Institute of Research said that sales could begin shrinking as soon as September.

Kato said that Toyota's August sales in China are better in July, when deliveries rose by 1% to 64,200 from a year ago.

Kato said that the recall of 75,552 RAV4 sport-utility vehicles in February to repair gas pedals that may stick has had "no major impact" on the Toyota brand in China. He even said that sales of the model were better than expected.

Topics: toyota, sales, china

If you liked the article, share on:

Comments

Recommended

The first time Porsche revealed the Panamera Sport Turismo to the public was during the 2017 Geneva Motor Show earlier this year. And now it has already entered production, and...
by - July 27, 2017
Autocar has got some juicy rumours for us regarding a new McLaren hypercar. The British publication has inside sources claiming that a new model will be added to the Ultimate...
by - July 27, 2017
Ferrari has recently launched the New Power15 extended warranty program. The company developed this program in response to the notion that supercars are very expensive to maintain. Truth be told,...
by - July 27, 2017
The UK it seems is about to take the same road as its neighbouring country France by banning sales of petrol and diesel vehicles beginning 2040. As reported by The...
by - July 27, 2017
What has BMW been up to lately? The company recently announced that they are currently focusing on electrification, and so far, their new architecture will enable “electrification of every model...
by - July 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