Toyota Reports China Sales for March Down 11.7% image

Toyota reported China sales in March down 11.7% to 75, 900 vehicles.

In the January-March period Toyota sold 184,700 vehicles in China, a drop of 12.7% compared with the same period in 2012. Japanese automakers’ sales in China have been affected by last year’s territorial disputes between the two nations, which sparked in mid-September. Although sales began to recover, Japanese vehicles still face headwinds in China, which is the world’s biggest auto market.

During the first two months of the year Toyota’s sales in China fell 13.3%. The automaker , which has joint ventures in China with FAW Group and Guangzhou Automobile Group, plans to sell 900,000 vehicles in this market by the end of 2013, an increase of 7.1% compared with 2012.

Earlier this month Toyota announced its plans to introduce the popular GT 86 sports car to China too, where it should arrive over the following months. After it was launched in most markets across the globe last year, the Toyota GT 86 is now getting ready to take advantage on one of the biggest car markets in the world, China. The model will cost CNY269,000 (43,250 USD), which is the price for the entry-level manual version.