THAILAND: Toyota expects 2013 sales to fall
Thai car sales could fall 16% in 2013 following a record last year when the industry was bolstered by government subsidies for first car buyers.
This would see a decline to 1.2m from 1.43m vehicles.
Kyoichi Tanada, president of Toyota’s Thai unit, told a news conference that he expects his company’s 2013 sales to fall 3% to 500,000 units. However, Thailand is a big export hub for the carmaker - it aims for shipments of 412,000 vehicles worth THB168bn this year, plus THB70bn of auto parts.
In 2012, Toyota auto sales jumped 78% to 516,086 vehicles, with passenger cars up 62.8 percent.
Toyota plans to invest US$404m in a second Thai plant at the Gateway industrial park to produce environment friendly cars as well as more for export. The plant is expected to be completed in the middle of this year, boosting output to 300,000 units a year from 220,000.
Vice chairman Ninnart Chaithirapinyo said risks to exports included a stronger Thai baht, caused by capital inflows, and economic problems in the US and Europe.
You could have been forgiven for thinking just-auto had become an extension of the Toyota PR machine this week, given the number of stories about the automaker. Just the way it goes, some times....
Vehicle sales in Thailand are expected to fall 9.5% to 1.3m vehicles this year, according to Toyota's local unit which added that sales were returning to normal after a surge sparked by a government s...
Mazda has confirmed that its first hybrid model [outside the US - ed] will be on sale within the year - but only in Japan as part of Mazda's strategy "to meet the needs of each separate market"....
Changes to the way vehicles are taxed in Australia could have wide reaching repercussions on new car sales, and especially those of locally made models, an industry group has warned....
- Audi TDI tech is 25 years of age
- Swallowing Fiat-Chrysler 'would be bad for VW'
- VEHICLE ANALYSIS: BMW X4
- VEHICLE ANALYSIS: Driving the Swedish nanny state
- THE WEEK THAT WAS: Roasting in Kia's Mojave oven
- Sir Nick Scheele dies
- Volvo claims two safety firsts for XC90
- Rule change hits 'free charger' offers for EVs
- Nissan learns from India mistakes
- Opel Group formed within Adam Opel
- Tesla: The Californian start-up that made head way on the automotive giants
- Global light vehicle engine technologies market- forecasts to 2029
- New Cars: Top 5 Emerging Markets Industry Guide
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- Global electrified light vehicles market- forecasts to 2018