Toyota, Lexus Record 40% Drop in Bulgaria Sales in 2008

The overall profit of the company was BGN 116,6 M in 2008. Photo by Toyota

The Japanese care makes Toyota and Lexus recorded a 40% decrease in the number of cars sold in Bulgaria in 2008.

The data was announced Wednesday by TM Auto, the official Toyota dealer in Bulgaria.

The overall profit of the company was BGN 116,6 M in 2008. The net profit decreased by 71% to BGN 5,1 M, while the gross profit fell by 56% to 12,6 M in 2008 compared to 2007.

TM Auto's future goals are to increase its market share, to finish the construction of the new trade center, and to optimize company's expenses.