Toyota sees potential for minivans in China

But Toyota Motor Corp., on the lookout for the next big trend, thinks it may have spotted an untapped gold mine: minivans.

MPVs, those family-hauling, multipurpose, multiperson vehicles, could be poised to take off after China’s Communist government scrapped a policy restricting families to one child.

Hiroji Onishi, Toyota’s senior managing officer for China, said that changing needs and life-stage patterns may fuel demand for family-style minivans as Chinese families grow bigger.

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Last modified onMonday, 25 April 2016 03:13