AutoBeta(AutoBeta.net)12/17 Report--

The end of the year is approaching, and it is less than a month before 2020. A few days ago, Toyota released a production and sales plan for 2020, with a global sales target of 10.77 million vehicles next year, compared with 100% of the projected global sales in 2019. Toyota is obviously conservative in the face of the declining global market. Meanwhile, Toyota expects to sell 10.72 million vehicles worldwide in 2019, including Toyota, Daihatsu and Hino brands.

According to Toyota's estimated sales of 10.72 million vehicles in 2019, it will achieve a year-on-year increase of 1%. If this goal is achieved, Toyota's global sales will exceed the 10 million mark for the seventh year in a row and hit a new high for four years in a row. As the largest car company in the world, Toyota's growth performance is not bright, but it is not easy for Toyota to achieve year-on-year growth in today's depressed market environment of the global auto industry.

Earlier, a number of institutions have forecast the performance of the global market this year, saying that it is showing a downward trend compared with the same period last year. Among them, Fitch, one of the world's three largest international rating agencies, expects global car sales to fall by about 4 per cent to 77.5 million vehicles this year compared with the same period last year. That would be the biggest drop since the 2008 financial crisis and the second year in a row that sales have fallen.

According to the latest global sales figures released by Toyota, Toyota's cumulative global sales in October were 783000, down 3.9% from a year earlier; in the first 10 months, Toyota's cumulative sales were 8.047 million, up 1.6% from a year earlier, temporarily higher than expected.

In terms of specific market performance, Toyota grew by about 4% in Europe, Asia and Africa, while the North American, Latin American and Oceania markets showed a downward trend. Among them, the Middle East market was the strongest, with an increase of 10.3% over the same period last year.

The Chinese market is Toyota's biggest growth market in Asia, with cumulative sales of 1.31 million vehicles from January to October, an increase of 7.2% over the same period last year. Japan, on the other hand, remains the largest seller in Asia, with cumulative sales of 1.37 million vehicles from January to October.

According to Toyota's latest financial data, its operating income reached 15.286 trillion yen (975.44 billion yuan) in the first half of fiscal year 2020 (2019.4-2020.3) (2019.4-2019.9), an increase of 4 percent over the same period last year. Of this total, net profit reached 1.275 trillion yen (81.36 billion yuan), an increase of 2.6 percent over the same period last year.

Toyota, which had previously expected global sales to reach 10.7 million in fiscal year 2020, is now expected to rise to 10.72 million, an increase of 990000 over fiscal 2019, reflecting Toyota's confidence in its near-term performance.

In any case, Toyota is still the global sales guarantee, according to foreign institutions, the new Corolla still retains its title as the best-selling car in the first 10 months of this year, and the world's highest-selling brand in the first 10 months. and by a wide margin away from the second rival, a total of 1.02 million new cars were sold worldwide in the first 10 months of this year.

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