Toyota has posted its second consecutive month of double-digit vehicle sales growth in China, suggesting that its sales this year could surpass last year’s total.
Dow Jones noted that the company was performing relatively poorly earlier this year, but may be able to exceed last year’s sales level of 585,000 vehicles.
“We think we may be seeing a full-fledged recovery in our China sales,” a Toyota executive told Dow Jones.
Toyota said its China sales in June rose 33% from a year earlier to 56,571 vehicles. That followed the 17% growth it posted in May. Toyota’s first-half sales totalled about 284,000, unchanged from a year earlier.