Toyota’s global sales during the first nine months of the year increased 28% to 7.4 million units.
Unfortunately the company expects difficult times from now on due to the sales plunge in China, after the mid-September anti-Japan riots, which begun after Japan bought the islands in the East China Sea, fueling the territorial dispute. The violent protests in China have led to Japanese cars set on fire and dealerships vandalized.
Last month Toyota’s sales in China have fallen to 44,100 units, about half of last year’s sales of 86,000 units. In August the automaker sold 75,280 cars in China, a decrease of 15% from the same period last year. During the first half of the year Toyota managed to regain the spot as the world’s top automaker from GM, with 4.97 million vehicles sold globally.
Earlier this year Toyota’s sales target included deliveries of 1 million vehicles in China, a forecast no longer available after the last month’s events. During the first half of the year the automaker sold 300,000 more vehicles than GM, but the US automaker might succeed in reaching Toyota by the end of the year. Nomura Securities Co. auto analyst Masataka Kunugimoto said that Toyota might reach sales of 900,000 vehicles this year, despite the 1-million-vehicle loss in China.