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Toyota Hikes Sales Outlook for Thailand
Toyota Motor Corp. has boosted its forecast for 2012 sales in Thailand by 30,000 units to a company-record 480,000 vehicles.
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Toyota Motor Corp. has boosted its forecast for 2012 sales in Thailand by 30,000 units to a company-record 480,000 vehicles.
The company also raised its prediction for industrywide sales in the country this year by 100,000 vehicles to a record 1.2 million units, up 51% from 2011.
Toyota's brighter outlook for Thailand follows a 54% surge in its sales there to 241,200 vehicles in the January-June period. The country's auto market jumped 40% year over year to 606,500 units, according to the company's estimate. Sales of passenger and commercial vehicles climbed 33% and 46%, respectively.
Toyota notes that local demand has benefited from government incentives for first-time car buyers and a return to normal vehicle inventories after disruptions caused by the country's massive flooding last autumn.
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