Toyota expecting sale of over 10 million vehicles in 2016

Toyota expecting sale of over 10 million vehicles in 2016

Toyota Motor Corp. is planning to sell over 10 million vehicles in coming year however slightly changed from what it expected to sell this year. On Wednesday, the world's top-selling automaker for the past 3 years straight, said that it is expecting sales of 10.114 million vehicles in 2016 and 10.098 million this year.

In the first half of 2015, Volkswagen AG overtook Toyota in sales, but it suffered in the second half due to an emissions cheating scandal. The diesel cars of Volkswagen AG were found to have software that cheated emissions tests.

In main markets like the US and Japan, auto sales weren't likely to grow significantly, as per Toyota, while growing markets that had continued emergence lately were off the boil. Recently, overall auto sales were slowing in nations like Thailand and Indonesia.

Toyota, maker of the Camry sedan, Prius hybrid and Lexus luxury models, previous year sold 10.23 million vehicles. Volkswagen stood at second position with a sale of 10.14 million vehicles, and General Motors was at third spot with sale of 9.92 million vehicles.

Detroit-based GM, maker of the Cadillac and Open cars, has been the top-selling automaker for over 70 years until Toyota surpassed it in 2008.

In 2011, GM again got the sales crown for a year, when a tsunami and quake disaster hit northeastern Japan, and disturbed production.