Times are tough – even for Toyota. Though we won’t know for certain until it releases its year-end earnings, there’s a possibility the Japanese automaker may see its first decrease in global sales in a decade.
The Japanese financial paper Nikkei predicted Toyota is likely to sell 8.3 million vehicles in 2008, a drop from the 8.43 million units it moved in 2007.
Such a figure wouldn’t be a complete surprise, particularly given the current economic state here in the U.S. Demand has wavered in light of the credit crisis, spurring Toyota sales to drop thirty-two percent in September alone.
Source: Detroit News