Toyota’s China Sales Rise in Signal Anti-Japan Sentiment Easing
Deliveries in the world’s biggest vehicle market climbed 0.4 percent to 79,000 units last month, from 78,700 a year earlier, the Toyota City, Japan-based carmaker said in a statement today. For the January-to-May period, sales were 8.6 percent short of last year’s level.
The gain in May deliveries follows Japanese carmakers’ production increase in China a month earlier, signaling a consumer backlash is fading following a territorial dispute between Asia’s two largest economies in 2012. Toyota last year reported its first sales decline since at least 2002 and pushed back a plan to make the country its third million-unit market.
Toyota’s output in China rose 8.7 percent to 72,955 units in April. Production at Nissan Motor Co. (7201), the largest Japanese carmaker in the market by volume, gained 7.1 percent, and Honda Motor Co. (7267) posted a 5.9 percent increase, according to figures from the companies last month.
Toyota doesn’t expect sales in the country to fully recover before autumn this year, Hiroji Onishi, its China chief, said in April. The maker of the Corolla and Camry sedans is targeting deliveries of 900,000 in the market this year.
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