Toyota forecasts 7.4% market growth this year

Cooling economic growth forecast at 4% this year means local automobile sales will not match last year's record pace, but should still rise 7.4% to 860,000 units, says Toyota Motor Thailand.

Economic growth of nearly 7% last year helped push up industry-wide sales by 45.8% to 800,357 units, smashing the record of 703,432 units set in 2005.