Quote:
|
Originally Posted by peid
I heard on the radio this morning that Toyota took over the #2 auto maker spot from Ford.
I thought about 3 months ago they took over #3 from Daimler Chrysler and they (Toyota) felt it was only temporary.
Now they are #2?
Wards has this article about Ford, which mentions Toyota taking over #2 in 2003 but I can't really find anything concrete.
http://wardsauto.com/ar/transportati...rd_4/index.htm
Go Yota!
|
Toyota has been the world's 3rd largest automaker for a very long time (~15 years at leat). What you are thinking of is the fact that in August of 2003 Toyota/Lexus/Scion outsold the Chrysler, Dodge and Jeep brands (Mercedes Benz not included) for the first time ever and since (so far) in the US.
Ford the 1st 6 months of Toyota's fiscal year (April to September 03), Toyota (and it's brands) outsold Ford in the entire world by some 43,000 units to become the world's 2nd biggest automaker. The numbers for the entire year (2003) are up in the air but it looks like Toyota outsold Ford for the entire year. Most analysts expect Toyota to stay ahead of Ford from now on.... Ford sold 6.72 million units in 2003, down from 6.97 million in 2002
http://www.detnews.com/2004/autosins...utos-43092.htm
Toyota expects to sell 7.08 in 2004 and they say this is a 4% increase which means they must have sold about 6.80 million units in 2003. Here's an article about this (sorry don't have the link):
"NAGOYA, Japan -- Toyota Motor Corp., which may surpass Ford Motor Co. in global car sales this year, said worldwide sales for the group will probably rise 4 percent in 2004 as it releases new models and demand picks up in the U.S. and Japan.
Group sales, including affiliates Daihatsu Motor Co. and Hino Motors Ltd., will probably total 7.08 million vehicles next year, President Fujio Cho said at an annual press briefing. Sales for Toyota alone will probably gain 4 percent to 6.33 million units.
Japan’s biggest automaker, which last month predicted it will probably post another year of record profits this business year, is trying to show investors that a broader spread of products and markets will leave it less exposed than its rivals to a slowdown in global auto sales and currency fluctuations. New model releases will help it reach its sales targets, investors said.
“Toyota just continues to expand its lineup in all major markets and is well-balanced” across different markets, said Masayuki Kubota, who helps manage the equivalent of $8.5 billion including auto shares at Daiwa SB Investments Ltd. in Tokyo.
Japan’s biggest automaker is set to revamp its best-selling Crown sedan next week, and may enter the full-size pickup truck market, competing with Ford’s F-150 and Nissan Motor Co.’s Titan.
The group sees 2004 global production rising 7 percent to 7.28 million units, while output for Toyota alone will probably gain 7 percent to 6.51 million.
Overseas Expansion
Toyota expects sales abroad to increase 5 percent to 4.57 million units in 2004, while production outside Japan will rise 15 percent to 2.97 million, the company said.
The automaker is adding two more plants in North America, one in Texas and one in Mexico. It is also getting ready to produce compact cars with PSA Peugeot Citroen in 2005 in the Czech Republic and a sedan in China with Guangzhou Automobile Group Co.
Toyota president Fujio Cho said he expects talks on the Guangzhou sedan plant may extend until spring in China next year.
The maker of Prius hybrid sedans expects Japan sales to increase 2 percent to 1.76 million units in 2004, while production will probably rise 1 percent to 3.54 million. Group output will gain 1 percent to 4.27 million vehicles in domestic plants.
Group-wide exports from Japan will probably remain flat at 1.94 million units next year, Toyota said. Exports for Toyota alone are likely to fall 1 percent to 1.82 million units.
Japan Demand
Car sales in Japan have fallen by about 25 percent since their peak in 1990. Domestic sales of all types of vehicles will rise to 5.9 million units next year from 5.85 million in 2003, the Japan Automobile Manufacturers Association said in a statement. Passenger car sales will probably rise 2.7 percent to 4.61 million.
Toyota said it expects total 2004 industrywide sales in Japan, excluding minicars, to be at 4.1 million, up from between 4.04 million and 4.05 million units this year.
“An economic recovery in Japan is continuing,” said Toyota’s Cho, citing improving indicators. The Bank of Japan’s Tankan index of business confidence last week showed that optimism among large manufacturers rose to its highest in 6 1/2 years.
As Toyota has more than 40 percent of its home market, the company’s sales tend to match the trend of the overall market, analysts including Koji Endo at Credit Suisse First Boston Japan Inc. have said. The company aims to have 43 percent of the auto market in Japan next year.
Toyota raised its sales forecast for the Prius next year by 71 percent to 130,000 units on rising consumer demand for hybrids, which pair a gasoline engine and electric motors, the company said. The automaker plans to sell 70,000 Prius cars at home and the rest abroad.
U.S., Europe Demand
Toyota, which has sold more than 1 million units in the April-September period for the first time in the U.S., expects the U.S. auto market to total 16.6 million units this year. Next year, sales will be between 16.6 million and 17 million units.
The company has said its sales in North America will probably reach 2 million units in 2004, a figure it will also reach this year. The North America market generates about 80 percent of Toyota’s operating profit, analysts said.
General Motors Corp. and other U.S. automakers have been offering higher incentives to offset market share gains from Asian automakers. The level of incentives may fall next year, said Toyota Executive Vice President Yoshio Ishizaka.
While Japanese automakers have increased share in the U.S. this year, export earnings have been eroded by the yen’s gain against the U.S. dollar this year.
The dollar traded at 107.57 yen at 6:51 p.m. in Tokyo. That compares with its high this year of 121.69 yen on March 21.
The yen’s level remains “a concern,” Toyota’s Cho said.
In Europe, where Toyota leads gains for Japanese automakers. The maker of Yaris and Vitz compacts said earlier this week that it plans to sell 830,000 units in 2003, exceeding its earlier target of 800,000 units and marking the seventh straight year of gains in the market. The company expects its 2004 car sales in Europe will rise by 10 percent to 850,000 units.
Toyota expects industrywide European auto sales in 2004 to total 16 million units. It did not disclose an estimate for this year.
The automaker also said it doesn’t plan to open a plant in Russia for now."
Toyota did downplay outselling Chrysler in the US in August and outselling Ford because they are afraid of anti-import backslash.......