Toyota plans to focus on sales of used cars and parts in South East Asia where most of their profits are currently gained through new car sales.

The company has begun a feasibility study into used car retailing in Thailand and replacement parts sales.

At home in Japan, Toyota is expanding its "value chain", which specialises in used car sales and retail parts sales to strengthen their dealers' competitiveness in a market tipped to again be teetering on the brink of recession.

In south-east Asia, meanwhile, Toyota has begun to open small-scale used car outlets in Taiwan, Malaysia and Indonesia and sales have been increasing.

In an unusual move for an OEM car maker, Toyota also plans to start distributing non-branded spare parts, which are cheaper than Toyota-branded 'genuine' parts.

To view related research reports, please follow the links below:-

Toyota (inc Daihatsu) Strategic Review

Global Car Forecasts to 2005