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."