FAW Toyota responded to the news that production will continue to reduce production in the next three months.
It is reported that a FAW Toyota insider said, “This thing is based on the current competitive environment in the market. On the one hand, we face up to the practical pressure of dealers in terms of capital, inventory, income, etc., and strive to ensure the quality of sales by the end of the year. On the other hand, on the basis of stabilizing this year’s sales and reasonable profits, we can also adjust our posture for next year’s sales increase.
The other party also said, “Absolute inventory is not high, about 1.1 months, the highest inventory in history (2014-2015) has reached 2.7 months, but the market price has fallen too seriously, and the sales side minimizes the cost of dealers’ inventory vehicles and relieve the pressure of dealers’ income. “
According to Naijatechnews, a number of bloggers posted a letter from FAW Toyota to dealer partners yesterday, which mentioned that FAW Toyota will continue to significantly adjust its production plan from December this year to February next year.
FAW Toyota said in the letter that under the premise that production has been significantly reduced in October and November, it will adjust the December allocation to 66,000 units, to 60,000 units in January next year, and February (Naija Tech News Note: Next year’s Spring Festival will be February 10) Up to 38,000 units. It is said that this move is to “ensure that the inventory pressure and financial pressure of dealer partners are completely improved, and that dealers have a healthy and benign business posture.”
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