Filed under: Car Buying , Toyota TheDetroitBureau.com reports Toyota has retaken the global sales crown. The Japanese automaker turned out 9.75 million vehicles last year, putting it just ahead of General Motors , with 9.29 million vehicles. Volkswagen , meanwhile, filled out the podium by building 9.1 million units in 2012. Still, Toyota numbers fell just below projections the automaker made earlier in the year, due largely to a fierce territorial dispute between Japan and China that has seen mainland buyers shun Japanese goods. But the news marks a substantial comeback for Toyota. The company fell to third place in the global production race in 2011 after tragic earthquake and tsunami caused several plant closures. In Japan, Toyota enjoyed a sales increase of 35 percent over the previous year, while the company’s worldwide sales jumped by 23 percent thanks in part to new additions to the Prius line. The automaker is forecasting yet another increase for 2013, with the company projecting to reach 9.91 million units this year. Neither Volkswagen nor GM have released their own projections just yet. Toyota reclaims global sales crown, GM and VW not far behind originally appeared on Autoblog on Mon, 28 Jan 2013 10:15:00 EST.
Filed under: Japan , Toyota , Earnings/Financials Toyota is expecting to see a sales increase of around two percent next year, according to Automotive News . The Japanese manufacturer is set to retake its position as the world’s largest automaker this year, and 2013 may see the company’s global sales step to 9.91 million vehicles. That figure includes sales from subsidiaries like Hino Motors and Daihatsu Motor Company. Much of that projection depends on US sales increasing to balance out a 15-percent decline in Japan . The Japanese government allowed subsidies for fuel-efficient vehicles to expire in September, and Toyota sales have slackened as a result. Globally, new vehicle sales are expected to crest 80 million units for the first time in 2012 despite economic woes in the European Union. Next year, Toyota expects to see its overseas operations enjoy an eight percent rise in sales to 7.87 million units while Japanese deliveries are projected to decline to 2.04 million vehicles. The company predicts sales in Asia, meanwhile, will be driven largely by Indonesia. Interestingly enough, the company has not settled on a sales target for China . Toyota already forecasting record sales in 2013 originally appeared on Autoblog on Wed, 26 Dec 2012 14:16:00 EST.
Filed under: Japan , Toyota , Earnings/Financials Automotive News reports Toyota saw a sizable jump in third-quarter North American sales and has adjusted its global forecast accordingly. All told, the Japanese automaker sold 598,000 units in North America during the last quarter, marking an increase of 45 percent over the same time period last year. As a result, operating profit in the region also increased to $807.1 million, though Toyota also credits much of that figure to additional output. The company stepped up North American production by 42 percent in the third quarter. Last year at this time, the automaker was still reeling from the earthquake and tsunami disasters that struck Japan that March, and with its supply lines crippled, Toyota was forced to cut back production. Like other Japanese automakers, Toyota has seen its sales in China plummet. Sales in the region fell off by some 49 percent in September compared to the same month a year prior due to anti-Japanese protests in the country. Toyota sales surge by 45% in Q3, global forecast raised originally appeared on Autoblog on Mon, 05 Nov 2012 13:59:00 EST. Please see our terms for use of feeds . Permalink
Filed under: China , Japan , Honda , Nissan , Toyota , Earnings/Financials Automotive News reports Japanese manufacturers are set to cut production in China by half. Toyota , Nissan and Honda have seen sales fall off by steep margins in the People’s Republic after a territorial dispute between Japan and China resulted in anti-Japanese protests. Sales of Japanese goods have declined amid calls for boycotts all over China. As a result, Nissan is currently planning to halt the night shift at its two Chinese facilities. Toyota and Honda, meanwhile, will reduce production by cutting back work hours and slowing production lines. The news comes courtesy of a report in the Nikkei newspaper, but has not been confirmed by the manufacturers themselves. There’s no indication as to how long the cut in production will last. As Automotive News points out, Japanese manufacturers were already scaling back production to meet demand before the protests broke out. The Chinese economy is currently in its slowest period of growth in the past three years. Even so, the shift away from Japanese vehicles has seen Hyundai sales jump by 15 percent last month.
Filed under: Car Buying , Toyota , Earnings/Financials Toyota can attribute much of its uptick in sales last month to fleets . While the automaker saw its sales leap by 7.5 percent compared to a year earlier, Newsday.com reports Toyota sold 47 percent more cars and trucks to fleet customers in the U.S. than in January 2011. Without the fleet sales, the improvement would have been less than one percent. All told, rental companies accounted for 93 percent of the automaker’s fleet sales in January, with the remainder going to other organizations. Toyota and other Japanese automakers have always been reticent to embrace fleet sales. Doing so is not only generally less profitable than individual consumer sales, but can also lead to degraded brand image and resale value. Last month, Ford was cited for having 45 percent of the company’s Focus going toward fleets. Toyota, meanwhile, says the news isn’t the start of a trend. When Toyota factories were hobbled by earthquake and tsunami activity in Japan last year, the automaker put a stop to fleet sales altogether to keep its dealerships fed.
Filed under: Recalls , Safety , Ford , GM , Toyota Toyota launched a total of 13 recall campaigns in 2011 covering over 3.5 million vehicles. Those figures put the Japanese automaker at the top of the most-recalled list for the third year in a row, according to Ward’s Auto . Between 2009 and 2010, Toyota recalled nearly 11.5 million vehicles in North America for a variety of reasons, including troublesome floor mats and sticky accelerators tied to the company’s unintended acceleration woes. The company says that around 85 percent of vehicles involved in the pedal recall have been fixed, with lower volume models continuing to trickle into dealers. But Toyota wasn’t the only automaker with recall woes in 2011. Ford found itself in second place for the number of vehicles recalled this year with 10 campaigns covering 3.2 million vehicles. For its part, General Motors issued a total of 21 recalls, but the fixes involved far fewer vehicles: 455,901. All told, Ward’s says automakers issued 130 recalls in 2011, down from 136 campaigns in the U.S. last year. *Update: The expanded Honda airbag recall pushed the automaker past Toyota for the greatest number of recalled vehicles in 2011.
Filed under: Recalls , Safety , Ford , GM , Toyota Toyota launched a total of 13 recall campaigns in 2011 covering over 3.5 million vehicles. Those figures put the Japanese automaker at the top of the most-recalled list for the third year in a row, according to Ward’s Auto . Between 2009 and 2010, Toyota recalled nearly 11.5 million vehicles in North America for a variety of reasons, including troublesome floor mats and sticky accelerators tied to the company’s unintended acceleration woes. The company says that around 85 percent of vehicles involved in the pedal recall have been fixed, with lower volume models continuing to trickle into dealers. But Toyota wasn’t the only automaker with recall woes in 2011. Ford found itself in second place for the number of vehicles recalled this year with 10 campaigns covering 3.2 million vehicles. For its part, General Motors issued a total of 21 recalls, but the fixes involved far fewer vehicles: 455,901. All told, Ward’s says automakers issued 130 recalls in 2011, down from 136 campaigns in the U.S. last year. Toyota tops recall list again in 2011, overall number of U.S.
Filed under: Recalls , Safety , Toyota Toyota has announced that it is recalling more than 420,000 vehicles in the United States for a potentially faulty crank shaft pulley. A total of 283,200 Toyota vehicles as well as 137,000 Lexus vehicles may experience a pulley failure in which the inner and outer rings become misaligned. If that happens, owners may experience noise, vibration and a check engine light. If the problem is left untreated, the power steering belt may slip off of the crank shaft pulley, resulting in more steering effort. Toyota says that this could cause an accident, though no problems have been reported so far. The recall covers the 2004 Toyota Avalon, 2004 and 2005 Toyota Camry , Highlander , Sienna and Solara as well as the 2006 Highlander HV, 2004 and 2005 Lexus ES 350 and RX 330 . The 2006 Lexus RX 400h is also included in the recall, which covers a total of 550,000 vehicles worldwide. Toyota says that the company is currently in the process of acquiring the parts necessary to replace the faulty crank shaft pulley and that the company will inspect and replace the faulty piece free of charge. Hit the jump for the full press release. Continue reading Toyota recalling 550,000 vehicles worldwide for potential steering problem Toyota recalling 550,000 vehicles worldwide for potential steering problem originally appeared on Autoblog on Wed, 09 Nov 2011 10:59:00 EST.
Filed under: Plants/Manufacturing , Toyota Toyota has announced that it expects its North American production to reach 100 percent capacity as early as September – far ahead of original post-quake estimates. So far, eight of the company’s 12 models built in North America are back to 100 percent capacity, and total production is hoped to improve by as much as 80 percent by August. In an official press release, Bob Carter, Toyota’s group vice president and general manager, says that the progress is thanks to the hard work of individuals both here and in Japan, and that the upcoming months will focus on ramping up output to make up for lost time. After Japan’s earthquake, tsunami and nuclear disasters last March, Toyota wasn’t expected to reach full manufacturing capacity in North America until December at the earliest. Click past the break to check out the quick press release. Continue reading Toyota says NA production to recover by September, earlier than expected Toyota says NA production to recover by September, earlier than expected originally appeared on Autoblog on Fri, 17 Jun 2011 11:33:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Japan , Plants/Manufacturing , Toyota , Earnings/Financials Toyota has said that the company is no longer interested in being the world’s largest automaker in sales, according to Automotive News . Satoshi Ozawa, executive vice president for Toyota, was quoted as saying that there was no meaning behind the brand being in the top slot, and that customer service and satisfaction were more important to his company. Ozawa also said that he believes that Toyota will never have the goal of being number one. In the past, the Japanese automaker had said that it intended to carve out a 15-percent slice of the global sales market. That would have made the company first in sales by default. Toyota eclipsed General Motors as the world’s largest automaker in 2007, but a recent rash of recalls, quality and reliability concerns have been attributed to the company’s quick expansion. This year, Toyota expects to see profit fall by 31 percent compared to last year due to the earthquake, tsunami and nuclear disasters of March of this year. Toyota says there is “no meaning” in being No. 1 originally appeared on Autoblog on Mon, 13 Jun 2011 12:59:00 EST. Please see our terms for use of feeds .