Thai Sales Remain Weak, Though Slight Gain Seen for Second-Half 2015 - Ward's Auto
Thailand, which collates national sales for the industry, says commercial-vehicle deliveries fell 13. 6% to 369,109 units, while passenger-vehicle sales dropped 20. 1% to 146,862 in the January-June timeframe. Within the CV segment, the important 1-ton pickup market fell 19. 1% to 171,601. Toyota Thailand President Kyoichi Tanada tells media the sales decline is being fueled by concerns over global economic instability. “Toyota will put more emphasis on its exports, while enhancing the competitiveness of its manufacturing to secure total sales that will contribute to a better state of the Thai economy,” Tanada says. The aim is to export about 390,000 units for combined vehicle and parts sales of 258. 5 billion baht ($7. 9 billion). “As a further demonstration of our commitment, Toyota will enhance the technology and knowledge transfer to Thailand to raise the level of its automotive industry and strengthen Thailand’s position as one of the key regional operation centers of... Tanada is not expecting any early bounce-back, saying the overall market weakness of the first half will have far reaching effects in delaying the car market’s full recovery. Source: wardsauto.com
