FAW-Toyota sales edge up 2% YoY in 2019
Shanghai (ZXZC)- FAW-Toyota reported a year-on-year growth of 2% with 737,500 vehicles sold in 2019, making its market share rise to 3.5% from 3.2% in 2018. TNGA (Toyota New Global Architecture)-based models accounted for 86.7% of the total cars sold in December.
The annual sales of the Corolla stood at 357,798 units. The all-new Corolla, with 38,868 units sold in October and roughly 40,000 units sold in December, was crowned the monthly sales champion among TNGA-based models in China.
The Avalon had a sales volume of 62,329 units through 2019, which was 20% more than the original target. Its 2.0L gas-powered variant, launched in September 2019, saw the sales increase month by month with 7,970 units sold in October and 9,074 units in November and December averagely.
The 2019 sales of the RAV4 totaled 125,977 units. 35,000 new-generation RAV4s based on TNGA were ordered in the first month after its launch in October last year. Moreover, the joint venture also sold 35,401 Prados, 52,989 Izoas and 4,954 Vellfire Hybrids. The annual sales of the Vios and Vios FS amounted to 84,361 units.
According to Toyota, through TNGA, the Japanese automaker can increase its vehicles’power performance by 10% and the fuel efficiency of its gas-fueled and hybrid electric vehicles by 20% and 15% respectively, while the production cost will be cut by 20%. Meanwhile, Toyota plans to improve overall body rigidity and make more individualized exterior design through the architecture.
Several months ago, the joint venture targeted 745,000-unit 2019 sales, which were around 7,500 units more than the actual sales volume. Amid the release of production capacity of the JV’s TNGA plant this year, it is expected to have a better performance (photo source: FAW-Toyota's WeChat account).