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Toyota

Drop in Toyota’s global sales

Cooling Toyota

Cooling Toyota

You could say that there is something serious in the industry when the giant says that it is also losing. And with the announcement of Japan’s Toyota Motors a few days ago that it will register its first operating loss in nearly 70 years and now, an admission that its global sales have dropped to worst in 8 years then yes you no longer need other metrics that the industry has a serious problem. The admission coming from Toyota is only a validation of what others knew for months now- that the auto industry is ailing not just in the United States but this is global. Toyota has announced Wednesday that its global sales have dropped 21.8 percent in November. Toyota of Japan is running in dead heat with General Motors in terms of automobiles sold. For November, Toyota sold 618,000 automobiles. Nissan Motors is also showing signs of weakening sales. Honda, the number two automaker in Japan has seen its sales tumbles down by 9.9 percent. So will Kanye West sings it ‘All falls down’ once again?

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