Business, Tech & Health

Toyota Expects to Sell More Than 10 Million Vehicles Next Year

Wednesday, December 16, 2015 11:34 am | < 1 Minute Read
TOKYO (AP) —
Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. Eight years after a devastating recession opened an era of loose U.S. monetary policy, the Federal Reserve was set on December 16, 2015 to raise rates for the first time since 2006, in a sign the world's largest economy had overcome most of the wounds of the global financial crisis. Picture taken on December 9, 2015. REUTERS/Mario Anzuoni
Vehicles for sale at the AutoNation Toyota dealership in Cerritos, California. (Reuter/Mario Anzuoni)

Toyota is expecting to sell more than 10 million vehicles in 2016, but little changed from what it expects to sell this year.

Toyota Motor Corp., the world’s top-selling automaker for the last three straight years, said Wednesday it expects sales of 10.114 million vehicles next year and 10.098 million this year.

Volkswagen AG, which overtook Toyota in sales in the first half of the year, suffered in the second half from an emissions cheating scandal, in which diesel cars were found equipped with software that cheated emissions tests.

Last year, Toyota, which makes the Prius hybrid, Camry sedan and Lexus luxury models, sold 10.23 million vehicles. Volkswagen sold 10.14 million vehicles, and General Motors was third at 9.92 million vehicles.

GM, which makes the Cadillac and Open cars, was the top-selling automaker for more than seven decades until being surpassed by Toyota in 2008.

GM retook the sales crown for one year in 2011, when a tsunami and quake disaster struck northeastern Japan, disrupting production.

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