Toyota Sees Car Sales Surpassing 10 Million In 2016

Dec 17, 2015 12:33 PM EST | John Nassivera

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Toyota Motor announced Wednesday that it plans to stay ahead of its competitors in 2016 by selling 10.11 million cars globally.

The Japanese automaker intends to surpass the 10.10 million forecast for this year through its subsidiaries as well, including minicar maker Daihatsu Motor and truck maker Hino Motors, according to The Japan Times.

While sales in emerging markets are expected to decline in 2016 because of economic slowdowns, sales are expected to stay strong in the U.S. Toyota also sees global sales in 2015 posting the first year-to-year decline in four years, but they will remain over 10 million for the third year in a row.

The company recently saw sales in countries like Thailand and Indonesia slow down, Examiner Times reported.

Among Toyota's rivals are General Motors and Volkswagen, the later of which beat Toyota as the world's biggest automaker by sales in the first half of 2015. However, Toyota managed to take that spot back due to VW's emissions cheating scandal, in which its diesel cars were found to have software that let them cheat on emission tests.

Toyota's expected sales for this year and next year are 10.098 million and 10.114 million, respectively, the Associated Press noted.

Toyota sold 10.23 million cars last year, while VW sold 10.14 million and GM came in third place at 9.92 million.

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