Toyota Plans to Reach 1.8M Sales in China by 2015 image

Toyota plans to increase its auto sales in China from 900,000 units to 1.8 million vehicles by 2015.

Executive vice president Atsushi Niimi declared at an auto conference in Chengdu that Toyota plans to sell 1 million cars in the world’s biggest auto market. Analysts doubt the automaker will be able to reach its target after it reported last month a second consecutive monthly fall in this country. The 1-million target would represent 12% of Toyota’s expected global sales for 2012, but the company aims at reaching 15% by 2015, that would be 1.8 million vehicles.

“We don’t see a problem in achieve 1 million sales for the year,” Toyota’s the spokesman said.

Last month Toyota’s sales in China fell 15.1% for the second consecutive month, with 75,300 cars sold in August. The Beijing-based spokesman, Takanori Yokoi, said that the automaker was not worried about the consecutive monthly decline, and blames the fall on a technical factor. From January to August Toyota sold 596,100 vehicles, up 13.4% compared with the same period last year. In 2011 the automaker sold 883,400 vehicles, up 4.4% from 2010, which reflects the general slowdown caused by last year’s natural disasters.