Toyota predicts record low sales and sharp drop in profits – Motor

According to the forecasts of the Japanese automaker, announced during the meeting on May 12, the operating profit for the fiscal year will be 4.7 billion dollars, and losses from lower sales are projected at 13.95 billion dollars. In 2020, Toyota expects to sell 8.9 million cars worldwide – this will be the lowest result in the last nine years. In 2021, sales will reach the level of fiscal 2019 (10.46 million copies).

For the four months of 2020, Toyota sold 29,796 new cars in Russia, which is one percent less than the same period last year. In April, when the country began to operate due to a pandemic, dealers managed to sell just 2,565 cars – 70 percent less than in the same month of 2019.

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