Friday, July 17, 2009

Toyota Thailand forecast 7.7% drop in 2009 sales

Toyota Motor Thailand (TMT) Co Ltd, the largest auto manufacturer in the country, has lowered its annual market forecast for 2009 by 7.7 per cent to 480,000 units, reflecting a decline of 22 per cent compared to 2008.

According to TMT president Kyoichi Tanada, the passenger car market is estimated to finish the year at 202,000 units, representing a 10.9 per cent decrease from last year, and a minimal decline due to relatively strong demand in the small car segment. The commercial vehicle market, on the other hand, is estimated at 278,000 units, or a 28.4 per cent plunge.

"This includes 241,000 1-ton pickups, equivalent to a 27.8 per cent decline from last year. As you can see, most of the negative growth is predicted to be in the commercial vehicle market, specifically in the 1-ton segment," he said in a press conference Friday.

As for Toyota 's domestic and export sales targets, Mr Tanada said, "Our revised annual sales estimate for Toyota will be 205,000 units for the domestic market, a 21.8 per cent decrease from last year with a 42.7 per cent market share. This will comprise of 90,500 passenger cars, with 44.8 per cent market share; and 114,500 commercial vehicles, with 41.2 per cent market share. Our export sales of CBU's (Completely Built-up Units) are estimated to be 222,000 units equivalent to a value of Bt96.6 billion, and our OEM (Original Equipment Manufacturer) and replacement parts export volume should be valued around Bt40 billion. The total combined value will be Bt136.6 billion, a decrease of about 25.4 per cent from 2008."

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