Toyota 2007 Annual Report Download - page 44

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42 ANNUAL REPORT 2007
Asia and Other Regions
Toyota is accelerating efforts to lay a foundation for growth by increasing
operational development in Asia, Central and South America, and other emerging
markets where vehicle demand is burgeoning.
Market Conditions
Asian Market Shrinks but
Markets Grow in Other Regions
In fiscal 2007, mainstay Asian mar-
kets, including Indonesia and
Taiwan, slumped due to the effect
of crude oil price increases. The
Chinese market maintained robust
growth and continued to develop
into one of the world’s major auto-
motive markets. Meanwhile, auto-
motive markets in Central and South
America and Africa expanded
steadily.
Markets are expected to con-
tinue growing mainly in Central
and South America, Africa, and the
Middle East.
600
300
1,200
900
1,500
0
’03 ’04 ’05 ’06 ’07
+12.6%
1,296
+12.0%
411
Consolidated Vehicle Sales and
Production in Other Regions
(Thousands of units)
FY
Consolidated vehicle sales
Consolidated production
400
200
800
600
1,000
0
’03 ’04 ’05 ’06 ’07
–10.3%
789
–9.7%
755
Consolidated Vehicle Sales and
Production in Asia
(Thousands of units)
FY
Consolidated vehicle sales
Consolidated production
Note: Fiscal years ended March 31
Hilux VIGO Innova
Camry Corolla
Ban Pho plant, Thailand
Automotive Operations Financial Services Operations Other Business Operations
Business Overview