Toyota Targets Chinese Sales

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CBJ — Toyota aims to raise vehicle sales in China by 8% to 1.6 million this year.

Toyota sold 1.47 million vehicles in China last year, up 14.3% from 2017.

Toyota’s forecast comes at a time when automakers in China in general are bracing for a tough year after weakness in sales emerged last year. Despite the slowdown in the overall market, sales by Japanese companies, and especially Toyota, remain strong.

China’s Association of Automobile Manufacturers (CAAM) this month said it expects sales to show no growth, forecasting flat sales of 28.1 million vehicles for 2019.

@CanBizJournal

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