Is that Toyota Forecasting an Auto Sales Collapse?

May 10 (EIRNS)--Toyota officials told Associated Press that the company expects its 2007 auto sales in North America to be no better than "flat"--equal to its 2006 sales. It seems Toyota's analysts foresee a deep general plunge in U.S. auto sales for the rest of this year, because while total U.S. sales by all makers have been down by nearly 4% already in the first four months of 2007, Toyota's have risen by nearly 8% in those four months. It will take a real collapse in overall sales for the remainder of 2007 to bring Toyota's sales down to zero growth for the year--and this is what Toyota apparently expects.