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Cars Blog

Report: Toyota to post first sales drop in decade

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October 23, 2008 9:33 am
By Peter C. T. Elsworth

TOKYO -- Toyota will post its first decline in annual global sales in a decade this year, hit by slowing demand worldwide amid the financial crisis, a Japanese newspaper predicted Wednesday, according to The Associated Press.

Japan's largest automaker will likely sell 8.3 million units in 2008 on the parent level - excluding subsidiaries and affiliates - down from 8.43 million units in 2007, the Nikkei daily said, citing no sources.


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