Toyota Group's sales in the first half of this year exceeded expectations and will increase its global sales forecast this year. Foreign media expects the total sales of the entire group to reach nearly 10 million units in the year.
For the first time approaching 10 million mark Japanâ€™s â€œYomiuri Shimbunâ€ reported on July 31 that due to the rapid growth in sales in emerging markets, Toyota Motor Corp plans to sell its global sales forecast for this year from 8.58 million in February. The number of vehicles increased to 8.8 million. It is expected that the adjustment will be announced when the first half of the financial data is released on August 3. With the addition of the sales of Hino and Daihatsu's two subsidiaries, the total Toyota Group's total sales for the full year are expected to approach 10 million units, compared with the 9.58 million expected in February.
On July 25th, Toyota announced that its total global sales volume in the first half of this year was 4.97 million, which became the sales champion among all car companies. Compared with the 3.72 million vehicles in the first half of last year, it increased by 33.6%. Toyota suffered a strong rebound after suffering from Japanâ€™s super earthquake, floods in Thailand, and a stronger yen in the past year. The increase in sales was mainly due to the strong growth in emerging markets such as China and Southeast Asia, and the rapid recovery of lost market share in the US market. From the output data, the total output of the Toyota Group (including Hino and Daihatsu) reached 5,247,777 vehicles in the first half of the year, a year-on-year increase of 55.5%.
In the expected value announced in February, the Groupâ€™s total sales volume of 9.58 million vehicles increased by nearly 21% from the same period of last yearâ€™s 7.95 million vehicles. Sales in overseas markets rose by 18% year-on-year to 7.26 million vehicles, while the Japanese domestic market rebounded sharply by 30% to 2.32 million vehicles. Toyota Motor Corpâ€™s 8.58 million vehicles target increased by 21% from the 7.09 million vehicles in 2011; Daihatsu increased 17% year-on-year to 850,000 vehicles in 2011; Hino Motor increased the number from 120,000 to 150,000 vehicles by 23%. .
According to forecasts from Reuters Thomson Reuters I/B/E/S, Toyotaâ€™s operating profit for the second quarter of this year will reach 306.6 billion yen (approximately US$3.9 billion), compared to a loss of 108 billion yen in the same period of last year. .
Originally, as Toyota may slow down its pace of growth in the second half of the year, some people in the industry believe that there is still the possibility of being overtaken by GM and the general public. According to the "Nihon Keizai Shimbun" reported on July 25, due to the expiration of the Japanese government's fuel-saving vehicle subsidy policy in October this year, Toyota's average daily output will be reduced by 16% compared with January to May this year.
However, the latest forecast shows that Toyota will once again create a new global sales volume, and the probability that the other two car companies will take the second half of the year will be minimal. The previous year's highest sales record for car companies occurred in 2007, and Toyota and GM reached 9.37 million vehicles at the same time.
Opponents update data, still difficult to catch up with Toyota. The GM and Volkswagen revealed in the first half of July that the Associated Pressâ€™ sales in the first half were 4.56 million vehicles and 4.45 million vehicles, ranking second and third respectively. However, with the outflow of official financial data from car companies, the above data has slightly changed.
Reuters quoted data provided by James Cain, a spokesman for General Motors, saying that GM sold 4.67 million vehicles worldwide in the first half of this year, a 3.0% increase from the 4.45 million in the first half of 2011. GM's global sales growth is mainly driven by the Chinese market, which currently contributes approximately 30% of global sales to GM, compared with only 28% of the US domestic market.
Volkswagen Motor Co., Ltd. released its financial statements for the first half of the year on July 26. Global sales reached 4.644 million units, which represented a year-on-year increase of 12.4% from the 4.13 million units sold in the same period last year. In the first half of the year, the sales volume of terminals delivered by Volkswagen Group to consumers increased by 10.3% from 4,128,458 units to 4,552,083 units. The previously released 4.45 million vehicles were not included in Volkswagen's Man and Scania heavy commercial vehicles, which increased by 8.9% year-on-year to 4,451,657 vehicles from 4,088,158 vehicles in the first half of last year.
However, despite some changes in the data, Toyota, General Motors, and Volkswagen's rankings in the top three sales of auto companies remain unchanged.
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