Toyota Motor Corporation expects its global vehicle sales to stay at record highs in 2020, even as demand shows signs of slowing in China and the United States, the world’s top car markets.
The Japanese automaker says it plans to sell a record of 10.77 million vehicles next year, including cars sold under the Toyota, Lexus and Daihatsu brands, with the expectation to sell 10.72 million units for the year ending December.
Competition to sell more vehicles is tight among the world’s biggest automakers as they try to boost sales to achieve economies of scale and reduce costs at a time when they are investing heavily to develop next-generation technologies including self-driving vehicles and electric cars.
in the past five years, Germany’s Volkswagen has been the top-selling automaker delivering 10.83 million vehicles
