Toyota Ups It's '06 Vehicle Out-Put Once Again

[Guest Josh]

Toyota's latest 2006 sales volume projection outstrips its earlier estimate for 8.5 million units, as demand for environment-friendly vehicles such as its Prius hybrid vehicle is increasing globally amid high gasoline prices. Next year Toyota said brisk overseas sales will again lead the firm's global sales expansion.

Toyota said it now forecasts global vehicle sales for the group to rise 9 percent to 8.85 million next year, as it moves ever closer to replacing struggling General Motors as the world's largest automaker.

The entire Toyota group includes mini-vehicle maker Daihatsu Motor and truckmaker Hino Motors.

Challenging GM
Toyota owns 51 percent stakes in both Daihatsu, Japan's second-largest minivehicle maker, and Hino, one of Japan's top truckmakers.

U.S. auto giant GM has not released its 2006 sales projection but its sales in 2004 were projected at around 8.9 million vehicles.

Analysts also believe Toyota has a good chance of upgrading its sales estimates for 2006 even further due to strong demand for Toyota and Lexus brand cars, while General Motors (NYSE: GMH) , faced with a major sales downturn may have to reduce its production levels.

Hybrid Impact
Toyota's latest 2006 sales volume projection outstrips its earlier estimate for 8.5 million units, as demand for environment-friendly vehicles such as its Prius hybrid vehicle is increasing globally amid high gasoline prices.

Next year Toyota said brisk overseas sales will again lead the firm's global sales expansion. It is projecting a 12 percent surge in overseas group-wide sales and a more modest 4 percent gain in domestic sales.

Toyota has been actively investing outside Japan, as it seeks to capture a 15 percent share of the global automobile market by 2010.

Ambitious Goals

Full Read: http://www.ecommercetimes.com/story/WmzkMh...ion-Units.xhtml

[thegriffon]

GM forecast first quarter global production to rise 9.25%, a rise of 13.4% outside North America. Total 2005 CY production was forecast at 9.09 million. Toyota's 2005 light vehicle production is forecast at 8.15 million. For 2006 this will rise to 8.95 million While GMNA production has fallen in recent years, and GME remains relatively flat (rebounding from a recent dip), GMLAAM has risen from 575K in 2001 to 777K in 2005, and GMAP has exploded from 256K in 2001 to 1.58 million in 2005. Chevrolet sales for the first 3/4 of 2005 rose 27% in Europe, 17.8% in LAAM, and 143% in Toyota's backyard, Asia-Pacific. Since Toyota's Group figures include Hino, it's worth noting that Isuzu is expecting production growth of 11.9% in FY 2006, not as impressive as Hino, but then the actual increase is nearly 70K units compared to Hino's 20K, for annual production of around 650K v Hino's 120 in 2006. Let's compare (as much as possible) apples to apples. Somehow I don't think Toyota is as close to catching GM as some people would have you believe. Edited December 20, 2005 by thegriffon

[ponchoman49]

Quote:Toyota's latest 2006 sales volume projection outstrips its earlier estimate for 8.5 million units, as demand for environment-friendly vehicles such as its Prius hybrid vehicle is increasing globally amid high gasoline prices. Next year Toyota said brisk overseas sales will again lead the firm's global sales expansion. What is it going to take to convince the sheep, ah people that this Hybrid is false economy. You can already buy a Corrolla that gets 40 mpg highway, looks 10 times better, has a normal looking interior, doesn't have a system that only a Toyota dealer can work on, doesn't need costly batteries down the road, doesn't stop dead in highway traffic, doesn't cost upwards of 25K or more etc! Just because a lot of obviously drugged out rock or movie stars like them doesn't mean they are perfect. I would wait at least 5 -8 years before even considering a Hybrid after they work all the bugs out and parts start to come down to everyday mans level.

[andy82471]

I wonder how much volume GM is losing as a result of the 30,000 layoffs and shutting down 12 plants. Will that be offset by production increase elsewhere ?

[thegriffon]

The plant closings will have no effect on production volumes, only production capacity in North America. There were previously announced inceases in capacity and new plants in North America as well, such as increased capacity at Fairfax for the Aura and the new Delta Township plant for the midsize crossovers.

[Polish_Kris]

The plant closings will have no effect on production volumes, only production capacity in North America. There were previously announced inceases in capacity and new plants in North America as well, such as increased capacity at Fairfax for the Aura and the new Delta Township plant for the midsize crossovers.

[post="61350"]<{POST_SNAPBACK}>[/post]

Very true, some of the plants were working at half capacity anyways.

[thegriffon]

Latest news, GM's sales in the Asia Pacific region passed 1 million units this month. In the first 11 months of 2005, GM's sales in Asia Pacific rose 19 percent on an annual basis to 953,278 units, giving it an estimated marketshare of 5.8 percent (up from 5.2% in 2004).

[Newbiewar]

I'm going to laugh if GM gets back on their feet and Toyota has capacty problems... but ohh thats right, they arent union... I really dont see Toyota having a 9% gain in 2006... GM is going to have massive gains in their 60% SUV market, while other automanufatures will suffer... assuming Toyota and Ford will be the biggest loosers... Edited December 21, 2005 by Newbiewar

[Guest gmrebirth]

GM forecast first quarter global production to rise 9.25%, a rise of 13.4% outside North America.

Total 2005 CY production was forecast at 9.09 million.
Toyota's 2005 light vehicle production is forecast at 8.15 million. For 2006 this will rise to 8.95 million

While GMNA production has fallen in recent years, and GME remains relatively flat (rebounding from a recent dip), GMLAAM has risen from 575K in 2001 to 777K in 2005, and GMAP has exploded from 256K in 2001 to 1.58 million in 2005. Chevrolet sales for the first 3/4 of 2005 rose 27% in Europe, 17.8% in LAAM, and 143% in Toyota's backyard, Asia-Pacific.

Since Toyota's Group figures include Hino, it's worth noting that Isuzu is expecting production growth of 11.9% in FY 2006, not as impressive as Hino, but then the actual increase is nearly 70K units compared to Hino's 20K, for annual production of around 650K v Hino's 120 in 2006. Let's compare (as much as possible) apples to apples.

Somehow I don't think Toyota is as close to catching GM as some people would have you believe.

[post="61336"]<{POST_SNAPBACK}>[/post]

Ford fans years ago would have had you believe Toyota would never overtake Ford to become #2 automaker in the world, but it happened, and Ford fanatics on forums all over went wild with envy and jealousy.

Toyota is closer to passing GM than you think. It may not happen in 2006, but it is almost guaranteed in 2007.

[Guest gmrebirth]

I'm going to laugh if GM gets back on their feet and Toyota has capacty problems...  but ohh thats right, they arent union...

I really dont see Toyota having a 9% gain in 2006...

GM is going to have massive gains in their 60% SUV market, while other automanufatures will suffer... assuming Toyota and Ford will be the biggest loosers...

[post="61859"]<{POST_SNAPBACK}>[/post]

Wait, are you part of the same group that didn't see Toyota having about an 8% gain in 2005? :rolleyes:

It's not that unreasonable for Toyota to increase production 9%.

[capriceman]

:Toyota: It's time to dust off this old sign.... and key some Toyota cars at the dealership so Toyota has to "pay to repaint them". isnt that ironic!!!!

[pow]

:Toyota: It's time to dust off this old sign....

and key some Toyota cars at the dealership so Toyota has to "pay to repaint them". isnt that ironic!!!!

[post="62675"]<{POST_SNAPBACK}>[/post]

So it wasn't razoredge after all...