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)
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)…