Toyota Unveils 2013 Production, Sales Estimates

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Click Here Now

Today, Toyota (NYSE: TM ) announced its sales and production estimates for 2013. All told, Toyota anticipates that it will produce about 9.94 million cars worldwide, which is up slightly from 2012's estimated total. It is forecasting sales of around 9.91 million for a 2% year-over-year increase.

The great bulk of production will be of the company's flagship brand. Around 8.7 million Toyotas are to be produced next year. This is a touch below 2012's forecast total. Sales of the brand are expected to exceed the production figure and come in at 8.9 million, a 3% gain over this year's number.

The company's much smaller Daihatsu and Hino brands are expected to see increases in production, at a 5% and 8% year-over-year pace, respectively. In terms of global sales, Toyota believes Daihutsu will decline by 3% to approximately 840,000 cars, and Hino will increase by 12% to 170,000.

The company did not provide the rationale or any data on which it based its assumptions.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.