Car sales projected to fall 6.7%

Car sales projected to fall 6.7%

The 36th Thailand International Motor Expo 2019. (File photo)
The 36th Thailand International Motor Expo 2019. (File photo)

Toyota Motors Thailand expects overall domestic car sales to drop 6.7% to 940,000 units in 2020, as the market faces challenges from a shrinking global economy, tightened loan conditions by local banks and lower consumer confidence.

With this projection, Toyota targets sales of 310,000 cars in Thailand in 2020, down by 6.7% from 2019.

The brand expects to capture a 33% market share of Thailand's car market, president Michinobu Sugata said.

In 2019, Toyota posted sales of 332,380 units in Thailand, up 5.5% from 2018, for a 33% market share, up 2.8 percentage points.

In 2019 there were 1.008 million new cars sold in Thaiiland, down 3.3% on the previous year. 

Do you like the content of this article?

Nan River overflows to parts of Nakhon Sawan

NAKHON SAWAN: The Nan River has overflowed into parts of Muang and Tha Tako districts in this northern province and high water levels have forced evacuation in urban areas.


Downpour floods many Bangkok streets

Downpouring afternoon rain caused flooding on many streets in Bangkok on Monday evening.


Varawut succeeds sister at helm of Chartthaipattana

Varawut Silpa-archa was elected leader of the Chartthaipattana Party on Monday and immediately set a target for his party to win 30 seats in the House of Representatives at the coming general election.