Toyota expecting downturn in home market
July 13, 2006 2:10PM by Michael Savio
Even Toyota Motor, Japan’s largest automaker, is expected to experience a sales downturn back in Japan. The automaker is likely to revise its annual domestic sales target,citing sluggish passenger car sales in the Japanese market. Toyota is likely to cut its 2006 target to “more than 1.7 million units” from 1.78 million and would make an announcement on July 20.
Last month, Nissan Motor said it could miss its annual sales target by 5 percent, citing an unfavorable shift in demand to the minicar segment.
## Source: Reuters ##
Posted in: Toyota, News, Japan
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July 13th, 2006 at 3:18PM
Even with the downturn, Toyota still should be in pretty good shape. You’ve got to figure that sluggish sales are affecting all the automakers, not just Toyota. So it’s not like they’re losing sales to competitors or anything drastic like that.
July 13th, 2006 at 4:11PM
Nissan is looking like it is going to miss by 5%, where Toyota is only looking like it will a couple of percentage points short of the original goal. With how much of a roll Toyota is on in North America, it is still strange to hear.