Toyota officials have said the automaker and its two local joint venture partners are on track to sell 900,000 vehicles in China this year, despite a 3.5% year on year fall in its China sales last month.
A senior executive and a midlevel official, speaking separately with Reuters on condition of anonymity, said a dominant view inside Toyota’s sales unit in China is that the company should be able to meet the sales objective for the year, as sales momentum should pick up in the second half of the year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Toyota, which operates joint ventures in China with FAW and Guangzhou Automobile Group, is aiming to sell 900,000 vehicles in China this year, up 7.1% from 2012.
Toyota said on Thursday (1 August) the JVs sold about 75,600 automobiles in China in July, down 3.5% year on year.
That followed a 9% year on year increase in June and a 0.3% rise in May.
In the first seven months of this year, Toyota sold about 492,500 vehicles, down 5.4%.
The data reaffirmed a slow but steady comeback by Toyota from the sales crisis that has battered its sales in the wake of a row between Beijing and Tokyo over disputed islands in the East China Sea, Reuters noted.
