Toyota Reviews Its 2013 Sales and Production Plan image

A Toyota executive said today, July 1st, that the automaker is reviewing its sales and production plan for 2013.

“Some markets are stronger than what we had planned and some are weaker. We are reviewing our plans and watching these markets cautiously, ” Toyota Executive Vice President Nobuyori Kodaira said at a press conference.

He added that Toyota plans to present the updated 2013 production and sales plan ‘in the middle of the year’, but he offered no exact timeline. The news comes soon after the Nikkei newspaper reported that in June the automaker decided to increase sales plan for Japan with 50,000 units to 1.5 million units. Toyota expects to see this year a boost in sales reaching 8.95 million units globally by the end of 2013 or an increase of 2.6% from 2012.

The Japanese automaker managed last year to take the crown back from GM and become the best selling automaker in the world. The sales target for this year does not include subsidies Hino Motors or minicar maker Daihatsu Motor. According to its current plan, the Japanese automaker will manufacture 8.70 million vehicles globally this year, a decrease of 0.5% compared with last year.