Dmitri Lysenko
According to the annual report for 2010 released by Toyota, the company is the world’s leader in selling cars.
Even numerous recalls of autos didn’t damage the famous car brand. The company managed to sell 8.24 million autos in 2010, which is 8% more than in 2009. General Motors slightly lags behind Toyota in terms of car sales, having sold 8.39 million autos in 2010, which is 12% more than in 2009. Volkswagen comes 3rd in the world with 7.14 million of sold autos, at the same time being number 1 in terms of annual car sales increase ( 14% more than in 2009).
Toyota plans to expand its sales up to 8.6 million. Volkswagen also expects to sell up to 7.5 million of its cars. GM keeps its plans a secret.
It is interesting to know that the world rating of major car sellers is different from the one in Russia, where Toyota comes only 5th in terms of car sales volume (90.3K) while GM comes 2nd (159.4K). Volkswagen AG is the 3rd one at the Russian market (131.3K).
According Tatiana Ketran, an analysts from the Department of Market Sentiment Analysis, , the chart of Toyota Motor Corporation stock indicates that the quotes keep moving within an upward sloping channel. At this point the price is at the lower border of the sloping channel against the background of weak market signs. So it is better to abstain from entering the market and keep on monitoring the chart:
· If there are up-bars at high trading volume, it will prompt the continuation of the uptrend with closest target area of $86
· On breaking below the lower border of the SC the correction may deepen, reaching $77.3. However, short positions are not recommended anyway.
Dmitri Lysenko
