Gasgoo.com (Shanghai September 24) - Toyota has increased its global sales target for 2012, Automotive Observer reported today. Earlier in February, the Japanese manufacturer announced that is aiming to sell a total of 9.58 million vehicles over the year. The target includes sales of Daihatsu and Hino vehicles. That amount has now been increased to 9.76 million vehicles. Among that, 8.75 million sales will be of Toyota brand erfafwerano 9vehicles. That number is 23 percent higher than the 7.1 million units sold in 2011 and two percent higher than the 8.58 million target announced in February.
The reason behind Toyota reevaluating its yearly sales target is increasing sales in Japan, the US, Southeast Asia and the Middle East. As far as China is concerned, Toyota has not modified its sales target of one million vehicles.
The Chinese market is still crucial for the Japanese manufacturer, which currently possesses two joint ventures in the country. Among them, its joint venture with FAW Group, which is responsible for two-thirds of its sales in the country, is especially important. The JV sold a total of 48,000 vehicles in July and 336,000 vehicles over the first seven months of the year. The latter figure represents year-on-year growth of 30.4 percent, evidence that FAW Toyota has recovered well from last year's tsunami in Japan. Even compared with 2010, when the JV's supply chain had no extreme external disturbances, FAW Toyota's sales this year have still grown around 20 percent.
