Arab Today, arab today toyota expects strong growth in us market
Last Updated : GMT 15:25:14
Arab Today, arab today
Arab Today, arab today

To sell more than 2.2m vehicles this year

Toyota expects strong growth in US market

Arab Today, arab today

Arab Today, arab today Toyota expects strong growth in US market

Toyota Motor vehicles are seen at company's show room in Tokyo
Washington - Arab Today

Toyota Motor vehicles are seen at company\'s show room in Tokyo Toyota\'s US turnaround is picking up momentum and the Japanese automaker expects strong growth in what promises to be a stable and prosperous market, a top company executive said Thursday. \"We\'re back on a very good growth curve,\" Toyota Motor Sales executive vice president Bob Carter told Detroit\'s Automotive Press Association.
\"We\'re very positive about our future.\"
Toyota expects to sell more than 2.2 million vehicles in the United States this year, up from 2.1 million in 2012 and 1.6 million in 2011 when the industry was still mired in a deep downturn.
\"We were in a three-year slump but we started growing last year,\" said Carter, who credited a strong dealer network and hot new products for helping Toyota to take advantage of growing consumer demand.
Key economic indicators such as home sales, job creation and consumer confidence all suggest continuing economic recovery, he said.
\"We think it will be a nice, stable market for the next three to five years,\" Carter said.
Carter noted that analysts expect total US auto sales to rise to about 15.5 million vehicles this year and could \"flirt\" with 17 million as soon as 2018. Last year they rose to 14.5 million from 12.7 million in 2011.
Tom Libby, an analyst with R.L. Polk, said Toyota\'s sales performance in August -- when it overtook Ford for the number-two spot in the US market -- underscores the Japanese automaker\'s underlying strength.
\"Everyone is saying General Motors, Ford and Chrysler are having a great year, and they are, but Toyota still picked up market share,\" he said.
The growth comes after Toyota worked hard to rebuild its once-stellar reputation for safety after a series of mass recalls sparked US congressional hearings in 2010.
Carter acknowledged that some of the gains come from the decision to increase spending on incentives and discounts on the popular Camry sedan.
\"It\'s unusual for our history,\" he said. \"But we\'re going to sell 400,000 Camry\'s this year.\"
Camry has been the best-selling passenger car in the United States for the past 12 years and Carter said Toyota is not about to relinquish the crown in the face of intense competition from rivals such as Hyundai, Ford and Honda.
Toyota\'s incentive spending remains well below that of its rivals, Carter added.
The Japanese automaker also plans to launch more than two dozen new or substantially updated models in the next 24 months including the popular Corolla sedan -- which is the foundation for the company\'s growth around the world -- and the Highlander sport utility vehicle. A new Prius hybrid sedan will hit the market in 2015.
Carter also emphasized Toyota was not attempting to capitalize on the declining value of the Japanese yen.
\"It doesn\'t matter where the yen is at. That\'s not the way we do business,\" he told reporters.
\"Seventy percent of our vehicles are built here in the US,\" he said, noting that Cars.com has described the Camry as the \"Most American\" passenger car because of its large percentage of American-made content.
Toyota has invested more than $2 billion in the United States and added more than 4,000 jobs since the beginning of 2012, he added.
It operates 14 plants in North America which produce 70 percent of the vehicles sold in the United States.
Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today toyota expects strong growth in us market Arab Today, arab today toyota expects strong growth in us market

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 08:51 2017 Saturday ,25 February

Shaking off dieselgate, VW races back into profit

GMT 08:48 2017 Saturday ,25 February

France's Macron takes on critics over 'vague' programme

GMT 10:10 2017 Friday ,24 February

France's Macron gets boost, but election is wide open

GMT 12:38 2017 Thursday ,23 February

Lower fares hit Qantas first half profit

GMT 10:57 2017 Thursday ,23 February

Chief executive out at Paramount Pictures

GMT 07:26 2017 Thursday ,23 February

A peek inside Qatar's 'gas capital of the world'

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday