Toyota says market recovery is being held back by stock shortages, predicts 2020 will hit 17-year low

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Market leader Toyota says new-car sales are recovering quicker than the industry had forecast during the grip of the coronavirus crisis – and dealers are taking orders for more cars than they can deliver, due to severe stock shortages. Analysis by Toyota – which has been market leader in Australia since 2003 – predicts the sales tally for 2020 will fall to its lowest level in 17 years.

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