Post Tagged with: "2012 sales forecast"

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Toyota targets 10,000 sales in South Korea this year

Toyota targets 10,000 sales in South Korea this year

Toyota Motor Corporation aims to nearly double South Korea sales this year to 10,000 units (excluding Lexus), the company’s Korean subsidiary boss said on Wednesday. Of the total estimated figure, 6,000 would be Camrys, nearly three times than the 2,020 units sold last year in South Korea. “We have lowered […]

Volvo USA CEO optimistic ahead of 2012

Volvo USA CEO optimistic ahead of 2012

John Maloney, the new CEO of Volvo Cars U.S., says it expects sales to grow 25 percent in 2012, as Chinese ownership provides stability and resources for the company. Maloney expects Volvo’s U.S. sales in 2012 to be surpass 65,000 units, about 25 percent above 2010’s 53,948 units. The executive […]

Forecasters expect the U.S. car market to reach 14 million in 2012

Forecasters expect the U.S. car market to reach 14 million in 2012

Forecasters expect higher auto sales in 2012 in the United States due to new products, rising employment, better credit availability, and the need to replace aging vehicles. Sales predictions from 11 independent analysts range from 13 million light vehicles (Wells Fargo Securities) to 14 million (Morgan Stanley). The average outlook […]

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Rubber demand to slow in 2012 in China on weaker auto sales

Rubber demand to slow in 2012 in China on weaker auto sales

Demand for natural rubber in China, the world’s largest consumer, may slow in 2012 due to weaker economic growth and auto sales. According to an executive at Okachi & Co., the largest broker for rubber contracts on the Tokyo Commodity Exchange, rubber prices may face the biggest annual decline in […]

Belgium to face severe drop in car sales in 2012

Belgium to face severe drop in car sales in 2012

FEBIAC, the Belgian auto industry association, forecasts new-car sales will drop in 2012 following the government’s decision to cancel incentives for green cars. The ending of incentives on December 31 will affect sales on a market already weak due to the current difficult economic period, Febiac warned. “We are already […]

UK carmakers cut 40,000 new car sales from 2012 forecast

UK carmakers cut 40,000 new car sales from 2012 forecast

Automakers in the United Kingdom are reducing their forecasts for next year by 40,000 new car sales because of the worsening financial situation. UK’s Society of Motor Manufacturers and Traders (SMMT) believes sales in 2012 will be flat, forecasting a volume of 1.92 million sales, the same as in 2011. […]