OREANDA-NEWS. At its annual press conference today, Toyota Motor Thailand announced its CY2015 sales results and CY2016 sales forecast.

2015 Toyota Sales Results in Thailand
Category Units Change Market share
Passenger Cars 105,398 -30.7% 35.4%
Commercial Vehicles 160,607 -8.2% 32.1%
Total Car Sales 266,005 -18.7% 33.4%

Toyota's CBU export sales amounted to 376,763 units, decreasing 12.0% year-on-year.

Looking to future trends in the Thai automotive industry, Kyoichi Tanada, president of Toyota Motor Thailand, commented: "We project that the auto market in Thailand will recover in the next 2 years. This is consequently a great opportunity to develop and strengthen our competitiveness while advancing our human resources competencies to gain knowledge and skills at the international level."

2016 Toyota Sales Forecast for Thailand
Category Units (rounded) Change Market share
Passenger Cars 89,000 -15.3% 33.6%
Commercial Vehicles 151,000 -6.2% 33.2%
Total Car Sales 240,000 -9.8% 33.3%