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Toyota targets 2% global sales growth in 2019

Toyota Motor Corp. is targeting a 2% increase in worldwide vehicle sales next year, the carmaker said Dec. 17 as it released its sales and production forecast for calendar year 2019.

The company expects to sell approximately 10.76 million vehicles in 2019, including those of its subsidiaries Daihatsu Motor Co. Ltd. and truck maker Hino Motors Ltd.

Toyota aims to sell 9.68 million units of its flagship Toyota brand in 2019, representing a 2% growth from its expected sale of 9.50 million units in 2018; 870,000 Daihatsu minicars, also up 2% from the projected sale of 850,000 units in 2018; and approximately 210,000 Hino trucks, a 5% increase from the expected 200,000 units in 2018.

In 2019, Toyota said it expects production to increase 2% to 10.86 million units.

To compare, the company's sales growth forecast for calendar year 2018 was also 2%, or 10.55 million vehicles, while global production was projected to reach 10.62 million units.

For the fiscal year ending March 31, 2019, Toyota previously said it expects to sell 8.9 million units, with net revenue projected to hit ¥29.50 trillion.

As of Dec. 17, US$1 was equivalent to ¥112.98.