Toyota Thailand foresees improvement in second half

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Toyota foresees improvement in second half
The Nation


TMT President Kyoichi Tanada

BANGKOK: -- Toyota Motor Thailand president on Tuesday attributed a slump in first-half automotive sale to market rebalancing forces and poor politically-driven domestic sentiment.

"Compared to the first half in 2013, sale figures declined. This was a result of market rebalancing following the end of the first-car buyer scheme, as well as economic slowdown and political situation early this year which sent a pyschological impact on buyers," said Kyoichi Tanada.

Toyota today released the half-year domestic sale figures of the entire auto industry. In the first half, only 440,911 vehicles of all brands were sold nationwide, showing a 40.5 per cent slump from the same period last year.

Of total, 183,720 passenger cars were sold, showing a 47.8 per cent plunge. Passenger cars constituted the biggest number of vehicles bought under the first-car buyer scheme, which offered excise tax rebates. One-tonne pickup segment also showed a 35 per cent drop on year, with half-year sale of 212,024 units.

Toyota itself witnessed a 30.9 per cent drop, with the sale of only 163,997 vehicles in the first six months. Yet, exports in the first half rose by 14.9 per cent to 230,006 units, with combined value of Bt104.9 billion.

Toyota also revised down the full-year automotive sale to only 920,000 units. The figure represented a 30.9 per cent drop from last year.

"In the latter half, political situation tends to be more stable. Coupled with economic recovery, buyers should be more confident," Tanada said.

For the full year, the company sets to sell 333,000 vehicles in the domestic market, which will show a 19 per cent drop from last year.

It plans to export a total of 433,000 units for Bt196.9 billion, on top of Bt68.9 billion export revenue from auto parts.

Source: http://www.nationmultimedia.com/business/Toyota-foresees-improvement-in-second-half-30239734.html


-- The Nation 2014-07-29

[EricBerg]

This prediction I trust more than those of some official Thai institutions. It should mean consumer confidence will go up and the money will go around more fast. Good for Thai economy.

[fullcave]

Could add one more sale with an update to the dated Fortuner platform..

[personchester]

Could add one more sale with an update to the dated Fortuner platform..

Many cars are currently being purchased, two weeks ago I ordered a new top type Fortuner and will be available in two months,

Toyota will only produce 900 of those special Fortuner type, and 400 have already been sold.

The special top Fortuner details are ... 3.0. V. 4 WD. A/T. TRD. Sportivo. V. plus the white pearl colour. the price being 1,561,000 -.

[carstenp]

Could add one more sale with an update to the dated Fortuner platform..

Many cars are currently being purchased, two weeks ago I ordered a new top type Fortuner and will be available in two months,

Toyota will only produce 900 of those special Fortuner type, and 400 have already been sold.

The special top Fortuner details are ... 3.0. V. 4 WD. A/T. TRD. Sportivo. V. plus the white pearl colour. the price being 1,561,000 -.

I will buy one second hand in1 year for the half

[noitom]

Thailand is just starting a major slump. The other Thai English news used a headline that Thai auto sales were off 40.5%. This Thai press is now downplaying that with some sort of 2nd half rationalization and projection.

[Somtamnication]

I am battling with them in Phuket. Horrible "customer relations", refuse to fix my car and insist on a 5th. test (after 4 of them confirmed my Vios should not do 5km per litre).

Next week? Banners on the car..

[phanangpete]

Why do they lie all the time, thats the thai press, the Japs rule the car industry here, if they move out well whats the result !

[phanangpete]

2 million unemployed . !

[indothai]

That's the plan... keep telling everyone that it'll go up with no reason that it will. That's what they said last quarter. I guess once they hit rock bottom, there's no other way but up.

Keep selling over priced, under valued, cars..... that'll fix the problem.

Oh, and continue to ignore your customers...that'll help.

Thailand Toyota Camry 2.5HV Navigator: 1,879,000 baht. or $59,013.85 usd at .31 baht. Lower spec than US.

USA Toyota Camry SE Sport 2.5L: $26,240 usd. or 835,481.21 baht at .31 baht. Higher spec than Thailand.

People here are delusional.