We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Toyota (TM) Projects Global Sales Increase of 1% for 2017
Read MoreHide Full Article
Toyota Motor Corporation (TM - Free Report) expects global sales to increase by 1% to 10.202 million vehicles in 2017 from its annual expectation for 2016 triggered by higher sales in North America, China, Europe and Asia. Launch of new models, including the C-HR compact sport utility vehicle, will also drive sales for the automaker. These benefits will offset the sluggish demand in the Middle East due to low oil prices.
Toyota will also ramp up the productivity of Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands in 2017. Sales from these brands are expected to increase to 10.2 million vehicles in 2017. The company also focuses on improving the productivity of its group by 1% to 10.36 million vehicles in 2017.
Toyota has been the world's best-selling automaker in 2015. However, for 2016, annual global sales are expected to be 10.09 million vehicles, lower than prior estimate of 10.11 million. Sales are likely to be affected by the sluggishness in Southeast Asian markets.
Toyota’s share price has dipped 0.86% year-to-date reflecting the decline in its guidance for earnings, operating income and revenues for fiscal 2017. Settlement of a U.S. truck lawsuit, string of product recalls and declining sales outside Japan have been affecting the share price of Toyota. Nevertheless, Toyota has performed better than the Zacks categorized Auto-Manufacturers-Foreign industry, which has suffered a year-to-date decline of 4.03%.
Zacks Rank & Other Key Picks
Toyota currently carries a Zacks Rank #1 (Strong Buy).
Other favorably ranked companies in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
Allison Transmission has a long-term expected growth rate of 11%.
America's Car-Mart has a long-term expected growth rate of 45.5%.
Rush Enterprises has a long-term expected growth rate of 15%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Toyota (TM) Projects Global Sales Increase of 1% for 2017
Toyota Motor Corporation (TM - Free Report) expects global sales to increase by 1% to 10.202 million vehicles in 2017 from its annual expectation for 2016 triggered by higher sales in North America, China, Europe and Asia. Launch of new models, including the C-HR compact sport utility vehicle, will also drive sales for the automaker. These benefits will offset the sluggish demand in the Middle East due to low oil prices.
Toyota will also ramp up the productivity of Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands in 2017. Sales from these brands are expected to increase to 10.2 million vehicles in 2017. The company also focuses on improving the productivity of its group by 1% to 10.36 million vehicles in 2017.
Toyota has been the world's best-selling automaker in 2015. However, for 2016, annual global sales are expected to be 10.09 million vehicles, lower than prior estimate of 10.11 million. Sales are likely to be affected by the sluggishness in Southeast Asian markets.
TOYOTA MOTOR CP Price
TOYOTA MOTOR CP Price | TOYOTA MOTOR CP Quote
Price Performance
Toyota’s share price has dipped 0.86% year-to-date reflecting the decline in its guidance for earnings, operating income and revenues for fiscal 2017. Settlement of a U.S. truck lawsuit, string of product recalls and declining sales outside Japan have been affecting the share price of Toyota. Nevertheless, Toyota has performed better than the Zacks categorized Auto-Manufacturers-Foreign industry, which has suffered a year-to-date decline of 4.03%.
Zacks Rank & Other Key Picks
Toyota currently carries a Zacks Rank #1 (Strong Buy).
Other favorably ranked companies in the auto space include Allison Transmission Holdings, Inc. (ALSN - Free Report) , America's Car-Mart Inc. (CRMT - Free Report) and Rush Enterprises, Inc. (RUSHA - Free Report) .
All the stocks sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here..
Allison Transmission has a long-term expected growth rate of 11%.
America's Car-Mart has a long-term expected growth rate of 45.5%.
Rush Enterprises has a long-term expected growth rate of 15%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>