BANGKOK – Toyota Motor Corp. is aiming to boost its new vehicle sales in Thailand by 8 percent this year by introducing new models on the back of the recovering local auto market.
The leading Japanese automaker’s Thai arm, Toyota Motor Thailand Co., announced Tuesday that the country’s total auto sales in 2016 declined 3.9 percent to 768,788 from 799,594 in 2015 because of reform launched last year on the way vehicle’s are taxed. The changes prompted some consumers to buy new vehicles the year before it took effect.
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