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.
Eric Volkman has no positions in Toyota. The Motley Fool has no positions in Toyota. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.