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Toyota Motor likely to fall to 3rd place in 2017 global auto sales

Auto News - Published on Wed, 03 Jan 2018

Image Source: valuewalk.com
Japan Today reported that Toyota Motor Corp will likely fall to third - behind Volkswagen AG of Germany and the alliance of Nissan Motor Co, Mitsubishi Motors Corp and Renault SA of France - in global vehicle sales in 2017, based on sales data available for the first 11 months through November. In the 11-month period, worldwide sales of Toyota group brands rose 2.8 percent from a year earlier to 9,474,000 vehicles, while Volkswagen, the world's largest automaker in 2016, increased sales by 3.9 percent to 9,743,400 vehicles.

The combined sales of the Nissan, Mitsubishi Motors and Renault alliance were estimated at 9,601,916 vehicles. Volkswagen's sales have been brisk in the Chinese and European markets, and the trend is likely to continue in December.

The annual sales of the Nissan, Mitsubishi Motors and Renault alliance are also expected to surpass Toyota's, bolstered by robust overseas markets and despite Nissan's domestic sales being hurt by an inspection scandal involving uncertified workers conducting final tests.

Toyota's domestic sales fared well but were almost flat from a year earlier in the key U.S. market, where its sedans struggled with the popularity of big sport utility vehicles and trucks as gasoline prices remained around a six-year low.

For 2017, the Toyota group has upgraded its sales forecast by 102,000 vehicles to a record high 10,354,000, up 2 percent from 2016 and the highest since 2014 when it sold 10,231,000 cars.

Source :

Posted By : Rabi Wangkhem on Wed, 03 Jan 2018
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