According to a report published the global sale of vehicles has hit Toyota. Sales have come down from 9.85 million to 9.5 million. Some say its because of
slow Japanese automaker’s drive as the effect of slow-moving North American market. While 2006 was a 6 percent while in the current year its growth speed has clearly slowed down.

It isn’t just Toyota alone that’s feeling the heat. Booming oil prices combined with economic slowdown is causing concern to automobile manufacturers. Take the case of Ireland in which new car sales down 17.5% in first half of year. On the other hand emerging economies seem to have a gala time. Take the case of Thai auto exports jump nearly 23 percent in June. The other emerging economy India is getting increased sales but the industry is having a tough time controlling costs due to raw material costs. Among those who have lowered the targets include General Motors Corp and Toyota.