Chart, sales of cars and motorcycles, september and Q3

The BOT has published the datas for september (EC_EI_015 and EC_EI_016)

We still have a 10 % decline year on year for the total passengers + commercial cars. Motorcycles are up 31 % at 155 600 units, and passengers cars are up 19 % at 18 674 units.

Now, let’s have a look per quarter.

We can clearly see the negative trend on cars (commercial and passengers).

Mortocycles are up, thanks to farmers higher incomes and… probably the bubble of fuels prices we had during the first half of 2008.

2 Responses to “Chart, sales of cars and motorcycles, september and Q3”

  1. 1 Bob 4 November 2008 at 1:22 am

    In that light the Thai economy actually looks pretty good. Private vehicle sales are virtually flat, while US auto sales plunged 32% in October.
    What could be the underlying reason?
    Thailand is a fairly big car exported, but if the export market is collapsing the local car manufacturing industry might want to boost the local market.
    Is Honda and Toyota offering any special cash-back incentives at the moment?

  2. 2 ThaiCrisis 4 November 2008 at 11:30 am

    Watch out Bob, it makes very little sense to compare thai and US markets.

    2 datas :

    US = 7 667 066

    Thailand = 185 761


    If you make the ratio with the total population… ๐Ÿ˜‰

    I would rather say :
    -what is more important is the commercial cars (pickups) market in Thailand : we are going down. Businesses and farmers are cutting their expenses. That’s a sign.

    -as for the passenger cars, even with a ultra deep recession we could remain at the current level (around 18 000 units sold per month) because of the small size of the market, because rich thais will always have the financial means to buy luxury cars, and because the face factor is so high (some thai individual would be willing to eat rice until their death if it can allow them to buy… a car).

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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