Toyota Motor Thailand Announces its Annual Sales and Forecast for Thailand

Toyota Motor Thailand (TMT) officially announces its sales result for CY 2016 and forecast for CY 2017 at the company's Annual Press Conference. TMT has stated that CY 2016 was one of the toughest years for the automotive industry in Thailand. Despite the Thai government's support to help stimulate economic growth, factors such as the decision to restructure excise taxes placed on new cars late last year had a negative impact on consumer's purchasing power.