Toyota has finally cut its forecast for North American car sales by 60,000 automobiles this year, and it’s the first time when it revealed what expectations it has for US’s car market. The automaker is convinced that a decline is inevitable. As American consumers shift away from fuel sippers like the Prius Hybrid and toward trucks and sport utility vehicles. Nissan Motor Co., which posted a drop in profit as it gave heftier incentives that buoyed deliveries, said it’s not seeing room for further expansion.
The executive vice president of Toyota admitted that the car sales in US turned into something weaker, the car brand reported a 43% plunge in quarterly operating profit The more dour outlook is significant not only for Toyota and Nissan but for Japan’s economy.