Toyota (TM) made a cut in its forecast for car sales during its fiscal year. It was an extremely modest cut, given the troubles in the global car market, especially the US.
According to MarketWatch, "The automaker forecast sales for the full year in the lower 9.5 million unit range, down from the previously targeted goal of 9.85 million cars and trucks."
Wall St would be hard pressed to find a big car company which is willing to stick to what is still a remarkably lofty goal. But, that is an indication of how much distance Toyota has put between itself and all of its rivals.
Product development and manufacturing efficiency have long been the primary components of Toyota’s successful formula. But, product has now taken the lead. With fuel prices spiking up everywhere, the company’s aggressive move to hybrids and other small cars is allowing the Japanese firm to take market share to offset being part of an industry which is losing new customers at an astonishing rate.
To make matters more troubling for the competition, Toyota not only has an array of hybrids. It is likely to be early to market with electric cars run by super-efficient batteries.
Toyota may have lowered its forecast just so it can beat it.
Douglas A. McIntyre
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.