Toyota’s Global Sales is at Its Highest Last October!

The last quarter of the year 2008 had been terrible for the auto industry and for the world’s economy in general. Needless to say, Toyota Motors Corporation had not been an exemption to the negative upshots brought about by the said status of the financial system. It had also incurred great downturns in sales. Although, for the first two quarters up to the third quarter of the current year, the global sales of the car marque it showed signs of stability. Come October of this year, it showed 5% increase in the over-all worldwide sales which is equivalent to a total of 640,000 units sold for the month. This is in comparison with the sales that the Corporation had declared for the same month last year. Even if it had suffered a decrease of 3.5% in the U.S., it came back with good news from China and Japan where it reached the 45% and 15% increase respectively. Toyota executives had attributed this to the easier comparisons of car models released on the past years with the current models. There has not been any statement released yet if the Cash For Clunkers still has to do with the proliferation of sales in Japan which is still bound to continue up to the end of the year or so. Moreover, the end of the Cash for Clunkers in the United States might have caused the decrease in sales as well. That, however, is still an unguarded assumption.