2006 Automobile Market Sales 682,500 Units Decrease 3%

General Press Releases Friday January 12, 2007 10:46
2006 Automobile Market Sales 682,500 Units Decrease 3% TOYOTA takes Triple Crowns Expect 2007 Total Market Grow 3% Sales 700,000 Units

Mr. Mitsuhiro Sonoda, President of Toyota Thailand Co., Ltd., has disclosed that the auto sales statistics for 2006 were 682,500 units, a decrease of 3%. He is confident that the overall economy of Thailand for 2007 remains to be good, and expects the overall auto market for 2007 to have total sales of 700,000 units, with a growth rate of 3%, while TOYOTA targets its sales for all models at 295,000 units and a market share of over 42%.

The automobile market for 2006 had total sales about 682,500 units, a decrease of 3%, while the passenger car segment had total sales about 191,885 units, an increase of 2%, the commercial vehicle segment had total sales of 490,615 units, a decrease of 4.8%, and the one-ton pickup truck in this segment had total sales of 449,796 units, decrease of 4.2%.

Mr. Sonoda said, “This is another successful year for TOYOTA,   we reached a total sale of 289,108 units, gaining 4% over the previous year, and breaking the sales record for 4 consecutive years as the No.1 seller in the industry, with a market share of 42.4%. TOYOTA has held the No. 1 position in sales in the overall automobile market, No.1 in the Passenger car segment, the Commercial vehicle segment and the One-ton pickup truck segment.”

Mr. Sonoda also added, “The one-ton pickup truck market was the key factor for TOYOTA’s success, with HILUX VIGO and FORTUNER having the highest total sales of 185,709 units and a market share of 41.3%, an increase of 4.5%. And if one were to only the pure pick up trucks, it achieved the No.1 position in sales for the first time in nine years. HILUX VIGO had total sales 166,358 units and dominate market share 39.3%.”

Auto Sales Statistics for 2006*
Total sales                               682,500 units       decrease 3%
Passenger car sales             191,885 units       increase   2%
Commercial vehicles             490,615 units       decrease   4.8%
1 Ton Pick up (Including PPV)         449,796 units       decrease 4.2%
1 Ton Pick up (Excluding PPV)       423,395 units       decrease 0.8%
* Unofficial sales figure
TOYOTA Sales Statistics for 2006
Total sales                         289,108 units       increase   4%,
Market share       42.4 percent
Passenger car sales             92,566 units             increase 2.5%
Market share       48.2 percent
Commercial vehicle sales       196,542 units       increase 4.7%
Market share       40.1%
1 Ton Pick up (Including PPV)       185,709 units       increase 4.5%
Market share       41.3 %
1 Ton Pick Up (Excluding PPV)       166,358 units       increase 14.9%
Market share       39.3 %

“Regarding exports for the past year, TOYOTA was able to hold the No.1 position by exporting 196,935 units of CBUs, with the value of 86,494 million baht, with the growth of 30% and 38% of market share.   In addition, we exported 22,202 containers of auto parts, value 33,600 million baht, worth a total export value of 120,094 million baht, or 35.7% of exports by the Thai auto industry,”   said Mr. Sonoda.

Mr. Sonoda was estimate overall automobile market on 2007 “We have seen some signs of economic recovery, such as continued and moderate GDP growth and a slight decrease in oil prices. This makes us believe that the Thai government will be able to stabilize the economy and the political situation. Therefore expectation of the overall auto market for 2007 will be stable. The auto market for 2007 will have a stable growth rate and will increase by 3% or about 700,000 units. Of this, 190,000 units will be passenger cars; 510,000 units will be commercial vehicles”

Estimated Total Auto Sales for 2007
Total sales                   700,000 units       increase 3%
Passenger cars             190,000 units       decrease 1%
Commercial vehicles       510,000 units       increase   4%

As for TOYOTA’s sales target, Mr. Sonoda has projected that “TOYOTA expected to sales in the year 2007 at 295,000 units, an increase of 2% compared to 2006, and expected to have a market share of over 42 percent.”

TOYOTA Estimated Auto Sales on 2007
Passenger cars                       91,000 units         Market share 48%
Commercial vehicles             204,000 units       Market share 40%

“For 2007, Toyota will start the operation of Ban Pho Plant, located in Chachoengsao in this January to support overseas demand for export. The Ban Pho plant has a production capacity of 100,000 units in the initial stage. And TOYOTA’s export target is set at 193,000 units, valued at 77,000 million baht, plus the export of parts worth 39,400 million baht. This will make a total export value of 116,400 million baht. We have set the target and have challenged ourselves to be one of the production bases in the world that has achieved standards in safety, production quality and cost effectiveness—and this is intended to develop the Thai auto industry, to create the greatest satisfaction for customers and to support many aspects of social activities on a continuous basis for the benefit of the Thai society as a whole. TOYOTA wishes to thank all Thais for placing their trust in TOYOTA vehicles so that TOYOTA has been able to achieve the No.1 position in the sales of automobiles in all segments,” said Mr. Sonoda.

Latest Press Release

2 Hong Kong restaurants in the IMPACT group allow KTC credit card holders to enjoy superb dining with special discounts

Fulfill your happiness with a delicious meal at Hong Kong Fisherman and Hong Kong Suki, which are both under the management of IMPACT Exhibition Management Co., Ltd. Both restaurants have special offers for KTC credit card holders, with a 10% discount...

CMD Degree Show 2019

Bangkok--21 May--มหาวิทยาลัยเทคโนโลยีพระจอมเกล้าธนบุรี CHAI YO CHAI YO CHAI YO CMD Degree Show 2019 An Exhibition showcasing works of 4th year Communication Design Students, School of Architecture and Design, KMUTT 17-26 May 2019 Opening Ceremony 17 May...

Photo Release: The Spice Market 36th Anniversary Celebration

Mr. William E. Heinecke (4th left), founder and chairman of Minor International Public Company Limited, together with his wife Mrs. Kathy Heinecke (3rd right), were guests of honour at the 36th Anniversary Celebration of The Spice Market, Anantara Siam...

GPHL#s first overseas scholarship established in partnership with University of Auckland

The recent Conference on Dialogue of Asian Civilizations has not just helped various civilizations flourish through dialogues and exchanges, but also driven China's national brands to integrate into the world with stronger cultural confidence. On 18 May,...

Hangzhou capitalizes on Aviation Town to become an aviation city

Jiande Aviation Town inked seven general aviation deals in the first quarter of 2019, attracting some 2.5 billion yuan of investment, according to an official with the town management committee. The aviation town currently has 17 more projects in talks...

Related Topics