Toyota says Oct China auto sales up 27.1 percent year/year

By Reporting by Norihiko Shirouzu; Writing up Samuel Shen; Editing by Adam Jourdan

Nov 03, 2014 06:55 AM EST

Toyota says Oct China auto sales up 27.1 percent year/year — Toyota Motor Corp's Fuel Cell Vehicle (FCV) concept car is seen at the 43rd Tokyo Motor Show in Tokyo in this November 20, 2013 file photo.
(Photo : REUTERS/YUYA SHINO/FILES)

Toyota Motor Corp (7203.T) and its two Chinese joint ventures sold about 104,700 vehicles in China in October, up 27.1 percent from a year earlier, the Japanese automaker said on Monday.

That followed an 26.1 percent year-on-year jump in September and a 8.9 percent rise in August. In the first 10 months of the year, Japan's biggest automaker by sales volume sold about 815,000 vehicles in China, up 13.3 percent from a year earlier.

Toyota aims to sell more than 1.1 million vehicles in China this year. If accomplished, this would see the carmaker surpass annual sales of 1 million vehicles in China for the first time, a target it originally aimed for in 2010. Last year, Toyota sold 917,500 vehicles in China.

Toyota operates joint ventures in China with China FAW Group Corp and Guangzhou Automobile Group (601238.SS) (2238.HK).

join the conversation