Tuesday, August 6, 2013

Toyota, nearing the record profit, slowed down in Southeast Asia

Toyota, nearing the record profit, slowed down in Southeast Asia
Toyota engine slower than expected growth in Southeast Asia, the regional market is third largest headache as the world's top-selling carmaker closes on the six year-old winning successes.

In ASEAN - who Toyota's largest market after North America and Japan, overwhelming Europe or China – the company by Government policy swings in Thailand and Indonesia and underperformed industry-wide growth been injured.

Toyota sold Southeast Asia's largest auto market Thailand around 237,000 vehicles in January-June, minus 2 per cent compared with the same period a year ago. That compared with an industry-wide growth of 22 percent, as it was taken end of a government subsidy, as well as weakness in more fuel efficient small cars.

In Indonesia, Toyota's are likely to deliveries to customers 2013, have in the first half of last year but significantly slower than the market as customers increased to keep purchases prior to an expected launch of a new small car.

Toyota's ASEAN exposure is higher than its competitors Honda Motor and Nissan Motor. ASEAN represents Toyota's a little more than 10 percent of the total.

Worldwide Toyota posted a 5.4 percent increase in its North America's largest regional market in January-June, as the United States is the strongest pace of annual sales see in more than five years.

In Japan, which is second largest market was sales 12 percent higher than previous year by green car subsidies ended last year, but it is profitable to see strong sales of luxury models.

Toyota, may this year the first automotive manufacturer to more than 10 million vehicles in a year had become, produce was on the right track to beat or to get close to its annual operating profit of this financial year.

But its Southeast Asian markets could get in the way.

"In the short term, sales are lower than expected in these countries and that could weigh on Toyota's business development,", said Issei Takahashi, analyst at Credit Suisse in Tokyo.

At the same time prepare export-dependent Southeast Asian countries after years of easy, brisk demand and strong domestic investment of a slowdown. The Fed is expected to soon pointed to his stimulus program that fueled the wave of credit in the region.

Weak yen helps Toyota

A weaker yen, the exports profitable and allows to convert money from abroad, at a price set to increase Toyota well to his performance.

On Friday, it will post an operating profit of April is expected to until June 649 billion yen, or $6.6 billion, up 84 percent on last year, according to the average estimate of four analysts survey by Thomson Reuters I/B/E/S.

That would be the biggest quarterly operating profit in six years and just shy of its record in April-June 2007, $6.9 billion or 675,4 billion yen and group is stronger than Volkswagen AG April-June operating profit of $4.5 billion and General Motors $1.8 billion.

For the fiscal year to March 2014 Toyota should an annual operating profit of $23.1 billion or 2.27 trillion yen according to average 26 analyst predictions, post, shortly before the record profit of 2.27 trillion yen, that which in March 2008 to the end of the year posted it.

Toyota, whose Thai 2012, last month deleted cut market share to 32 percent in January-June from about 36 percent in the year its 2013 sales forecast for the market by 10 percent to 450,000 vehicles, despite its forecast for industry-wide sales by 8 percent to 1.3 million vehicles have raised.

Toyota has lagged rivals in the small, fuel-saving cars, which are increasingly popular in Thailand. Rival Honda has seen strong sales of Brio surprise in Thailand. Toyota said that it wants to sell a new model this year.

In Indonesia, where Toyota has a 35 percent market share, there is a delay in the implementation of Government low cost green car programme for the promotion of small cars hit which was signed into law recently, but is still on hold pending the review. The Government also has fuel subsidies in June.

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