Thailand industry auto sales seen down 10pc in 2016
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Toyota, which commands about a third of the Thai market, sees a 9.8 percent fall from 2015 in its annual automotive sales in the Southeast Asian nation to 240,000 in 2016, it said at a news conference.
Kyoichi Tanada, president of the Toyota Thai unit, said the reason for the fall in both domestic car sales and Toyota’s own car sales were a weak global economy and a new Thai excise tax which would increase the retail prices of vehicles in 2016.
Questions & Answers
Q.What is the expected total number of domestic car sales for Thailand in 2016?
What is the expected total number of domestic car sales for Thailand in 2016?
Thailand's total domestic car sales are predicted to reach 720,000 units in 2016. This figure represents a 10 percent decrease compared to the sales recorded in 2015, according to Toyota Motor Corp's Thai unit.
Q.What are the reasons given for the anticipated decline in car sales?
What are the reasons given for the anticipated decline in car sales?
Kyoichi Tanada, president of Toyota's Thai unit, attributed the expected fall in sales to two main factors. These are a weak global economy and the introduction of a new Thai excise tax, which will increase vehicle retail prices.
Q.How many vehicles does Toyota's Thai unit expect to sell in 2016?
How many vehicles does Toyota's Thai unit expect to sell in 2016?
Toyota's Thai unit forecasts its own annual automotive sales in Thailand to be 240,000 vehicles for 2016. This projection indicates a 9.8 percent decrease from their 2015 sales figures.
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