No respite : car sales plunged 36,5 % in march

The Federation of Thai Industries has reported a 37 per cent decrease in automobile sales, and a 52 percent drop in total production in March.

Surapong Pasitpattanapong , spokesman of the Automobile Industry Division at the Federation of Thai Industries, revealed that domestic car sales in March totalled 42,000 units, down 37.8 percent from last year, while the sales of motorcycles dropped by 12.40 percent, to 125,000 units.

Surapong concluded that domestic vehicle sales in the first quarter went down by 33.4 percent from last year’s 160,000, to 107,000 this year. (TANN)

carmarch

I will update the chart with the exact data end of april (when they will be published by the Bank Of Thailand).

Eventhough the total units sold in march (42 000) was higher than february (34 361), the trend remains really negative. The negative % of change year on year (-36,5 %) is a record.

And march is longer and there is the traditional MotorShow in Bangkok…

No need to go to Harward to foresee bad results in… april (riots and a deepening economic crisis)…

2 Responses to “No respite : car sales plunged 36,5 % in march”


  1. 1 thaichris 24 April 2009 at 9:54 am

    The article reads

    … went down by 33.4 percent from last year’s 350,000, to 107,000 this year …

    From 350’000 to 107’000? 33.4% drop? For me, this is a drop by 243’000 e.g. a drop of 70% !!! How comes they talk about 33.4%?

  2. 2 ThaiCrisis 24 April 2009 at 10:48 am

    You have a good eye.

    The total figure they give for 2008 is of course wrong. I’ve checked. In 2008 :
    january = 45 431
    february = 49 248
    March = 66 107
    Total = 160 786 units

    First quarter 2009 = 108 000 units, so yes the drop is 33 %.


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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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