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Toyota expected to post first annual sales decline in 10 years

Discussion in 'Auto News' started by Autoblog, Oct 22, 2008.

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    Toyota expected to post first annual sales decline in 10 years

    Filed under: Toyota

    [IMG]We knew the auto industry was in bad shape and it didn't take long to extend its poisoned-tipped tentacles into the world's automotive juggernaut. In August came news that the Japanese automaker had cut its sales forecast for 2008 from 10.4 million vehicles to 9.7 million. A Japanese newspaper, though, says it expects Toyota to only sell 8.3 million for the year. If true, it would be the company's first year over year sales decline in a decade.

    The Nikkei Daily (subscription required) doesn't back up its prediction with any sources, but we'll know how close to the truth they get come in January when Toyota announces official sales numbers.

    [Source: Nikkei Daily via The Associated Press via Yahoo News]

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    Autoblog, Oct 22, 2008
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