Toyota expects higher sales in 2012

8 years ago by in Business, Featured Tagged:

Japanese car maker Toyota said it expected its sales to jump 36 percent this year compared to 2011, after it operated a 6.5 percent increase on its estimated vehicle sales for the year, to 1.63 million units.

The more optimistic expectations are due to the recent decision of the government to re-introduce subsidies for eco-friendly cars.

Toyota is one of the companies who will be the most advantaged by the decision, since it sells a large range of “green” vehicles.

On a global level, Toyota’s 2012 sales forecast remained unchanged at a 18 percent growth. That corresponds to 8.58 million cars sold which, if reached, would be a record for Toyota.

Affected by the natural disasters that struck Japan last March, the company sold 7.1 million cars worldwide in 2011, a 6 percent decrease over the previous year.