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Toyota Expects to Sell 100,000 More Cars in 2014

Strong fundamentals, redesigned Camry make the difference.

by on Aug.15, 2014

Toyota Vice President Bob Carter told a crowd last night in New York that the maker will sell 100,000 more vehicles this year.

Toyota expects industry-wide vehicle sales to hit 16.3 million units, an increase of just over 5% and expects to sell 100,000 more units this year than it did in 2013, according to Bob Carter, Toyota Motor Sales senior vice president for automotive operations.

During a speech in New York, Carter noted the growth this year is slightly slower than the past few years, but is being driven by stronger economic and market conditions and a hangover pent-up demand from the recession.

Auto Insight!

Moreover, 400,000 more customers than last year are expected to come off leases from all brands and most will turn around and buy or lease a new vehicle, helping push sales higher, Carter added. (more…)