Domestic car sales seen up 12% in 2018: Toyota

Domestic car sales could reach 980,000 units this year, accoriding to ToyoTa Motor Thailand. (Post Today photo)

Thailand’s total domestic car sales are expected to be 980,000 units this year, up 12% from 2017, and more than previously expected, Toyota Motor Corp’s Thai unit said on Wednesday.

Toyota, which commands about one-third of the Thai vehicle market, also raised its own 2018 car sales in the Southeast Asian nation to 315,000 cars, up 31% from last year, Toyota Motor Thailand’s President Michinobu Sugata told a news conference.

Sales have been supported by stronger economic growth and more activities by carmakers, he said.

In January, the company predicted overall domestic sales at 900,000 cars and its own sales at 300,000 units.

Thailand is a regional production and export hub for the world’s top carmakers, and the sector accounts for about 12% of the country’s gross domestic product.

Article source: https://www.bangkokpost.com/business/news/1509950/domestic-car-sales-seen-up-12-in-2018-toyota

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