Toyota Motor Plans Automobile Output at 8 Million Cars in 2012

Toyota Motor unofficially announced its output plan for 2011 and 2012 to component makers on Wednesday. The scheduled production is slightly higher than 7.8 million cars in 2011 and above 8 million cars in 2012. The offshore production is estimated at above 4.7 million cars in 2011, increasing by 7.5% from 2010. The production is planned to increase by 4.8% in North America, by 7.7% in China, by 13.2% in Asia while decrease by 2.1% in Europe.

Domestic output is scheduled at 3.1 million cars in 2011. The supply for domestic market would decrease by 17-18% to 1.3 million cars in 2011 from 2010 while increase by 7.6% to above 1.8 million cars for overseas market. The shipmnent ratio to overseas market would rise by 7 points to near 60% in 2011. In 2012, the firm aims to raise the supply mainly to Asia.

Domestic production is estimated at 13,000 cars per day in 2011. This is a profitable line for component makers or steel sheet processors. Steel processors around Nagoya are concerned on local demand decline since Toyota Motor shifts small car production to Tohoku area.

The monthly output plan for March 2011 seems around 12,500-13,000 cars per day in Japan on March 2011, according to a concerned source. The output is estimated to total around 300,000 cars for 23 operating days in March. Toyota Motor has lowered its output plan by 6,500 cars in January and by 5,000 cars in February since the demand weakened by cutting off of stimulus measure for eco-cars and reduction of car export under higher yen rate.