As more declining sales numbers roll in from the month of May, Toyota is surprisingly optimistic. Automotive News reports that the Japanese automaker will actually ramp up production over the next three months.
Bob Carter, general manager of Toyota Division, said, "We see a turnaround coming." The company will therefore increase North American production by 65,000 units over the previous plan for the three-month period. Toyota will increase the production of six of its most popular models: the Camry, Corolla, Sienna, RAV4, Tacoma, and Tundra.
Despite the division's sales falling by 39.5 percent in May compared with the same month last year, its volume last month was 21 percent higher than in April.
Carter told Automotive News "There was an improvement on the retail side of the business for the entire industry." He did not specify how the 65,000-unit increase would be spread out among the individual vehicles.
"We may be witnessing a slight rebound in the industry," he said. All six vehicles posted a sales increase in May over April, with the Corolla up 27.2 percent for the month and the Camry up 23.7 percent.
Source: Automotive News