Car market and the Green Shoots : no improvement in may

A management shake-up is rocking the automobile industry after sales slid 30 per cent for the first five months of this year.

In particular, pickup trucks – the best-selling vehicle in Thailand – were down dramatically by 40.9 per cent year-on-year from January to May. (Nation)

The news about the management shake-up is irrelevant… However the figures are interesting… Because it gives us a first hint about car sales in… may.

And if Nation doesn’t make any mistake… well…  may, the month of the Green Shoots, was very bad… Absolutely no improvement whatsoever.

On the first 4 months of 2009, the total car market crashed by 31,48 % (source Bank Of Thailand, table EC_EI_015 and EC_EI_016), compared to january to april 2008. And according to the figures given by Nation, from january to may, the drop was 30 %.

As for the pickup trucks… it’s even worse. The sales in may could have dropped… below 20 000 units… Like january (18 500).

Why may is important ?

First, because the PR campaign about the Green Shoots started to intensify.

Second, because political normality returned in Thailand (only at the surface of course). April was special with the “revolucion” (the thai army in Bangkok’s streets against the Red Shirts).

But as you can see… well… there is no improvement. The crisis continues. Unabated. Less cars sold, consumption going down. Perfectly normal.

This is why the suckers and all the Lalalanders can eat their Green Shoots in salad or in ragout… they won’t succeed to change the reality.

The alchemy to transmute lead into gold just doesn’t work.

Abhisit’s smile is not enough. Korn’s stupid statements are not enough. Tarisa’s dreams are not enough.

8 Responses to “Car market and the Green Shoots : no improvement in may”


  1. 1 Bedwyr 16 June 2009 at 10:52 am

    TC, hi:

    This from todays Bangkok Post: (http://www.bangkokpost.com/opinion/opinion/18540/shock-move-by-white-house).

    The latest decision on Southeast Asia by US President Barack Obama is the second disturbing action by Washington affecting this region. Late last Friday, after the main news cycles for the week had elapsed, Mr Obama announced a major new policy initiative. The low-level statement that he was declaring Laos and Cambodia eligible for major US loans and trade concessions took the rest of the region by surprise.

    This seems like another clear signal of decay of the end of the special relationship between USA and Thailand, and the continuing shift towards other countries – mainly Indonesia. Recall that Clinton recently visited Indonesia, but not Thailand.

    The USA have always regarded Thais as ‘useful idiots’. Perhaps they are now less useful, or perhaps their often childish behaviour has just become tedious.

    Bedwyr

  2. 2 antipadshist 16 June 2009 at 12:05 pm

    Korn has already got what he wanted so much :

    Bt400-bn loan decree clears House
    The House voted late Monday night to endorse an executive decree to empower the Finance Ministry to seek loans of Bt400 billion

    The House meeting was adjourned at two minutes after midnight and will resume at 1:30 pm to deliberate a bill to empower the minister to seek loans of Bt400 billion more.
    http://www.nationmultimedia.com/breakingnews/30105246/Bt400-bn-loan-decree-clears-House

    so, B400bln approved, remains only to get approval for another B400bln

    An Bt800-bn lollipop to pacify partners and silence foes

    The Bt800 billion package is like a giant lollipop to pacify petulant coalition partners. Will any sensible electioneers, such as faction leader Newin Chidchob, look for a greener pasture if their backyard is plentiful?

    Of the total package, about Bt500 billion will be allocated to mega projects under the jurisdiction of the Bhum Jai Thai Party.

    The controversy over the Bt64 billion bus-leasing project suddenly becomes small change when Bhum Jai Thai is given a much bigger purse to control…

    As the coalition leader, Abhisit will have the final say on all planned spending, either through the Cabinet review or through disbursement, via his Finance Ministry Korn Chatikavanij…

    Although the opposition may be kept at bay, this is no time for reprieve for Abhisit. A miscalculated move over the passing around of the Bt800 billion lollipop among his coalition partners may see the coalition bandwagon sinking by its own weight.
    http://www.nationmultimedia.com/2009/06/16/politics/politics_30105236.php

  3. 3 ThaiCrisis 16 June 2009 at 2:13 pm

    Regarding the US decision on Laos and Cambodia, the article in BKK Post is astonishing… Thai interests are shocked and jalous… They just complain that they will suffer from greater competition, fueled by US cash !

    Yep. Reality check. Thailand has enjoyed for many years “special treatment” for trade, aid etc. from the US… Now thais discover (with horror) that they are not alone on this planet. Shocking. 😉

    More seriously : it shows that the US have decided to counterattack the chinese influence (at that point we could even speak about “ownership”) in Laos and Cambodia. Which is good. China must face resistance. The West can’t let China treating Asean countries like a simple backyard. A private hunting yard.

  4. 4 fall 16 June 2009 at 7:26 pm

    It’s open economy and free trade. Money flow in, money flow out. Instead of making the best use of those opportunities, Thais stuff their own pocket with short-term plan and no long-term sustainable plan.

    Whine and cry like a baby, run home to ur mama! You have been weighed. You have been measured. And you have absolutely… been found wanting. Welcome to the Real World. God save you, if it is right that he should do so.

  5. 5 Pricilla 16 June 2009 at 7:54 pm

    I thought the Thais would be delighted, their ongoing visa harassment of “farangs” and sucking up to the Khun Jin is bearing fruit at last as a western country has finally said we will pay more attention to Laos and Cambodia.

    I know of course the two are unrelated, but about time the Thais got a small taste of how irrelevant they actually are. I think both Australia and the US now regard Indonesia as vastly more important in ASEAN, probably best to stick the Thais with Laos and Cambodia and give them a reality check.

    The poor old Thais through their personal greed and short sightedness lost their Asian Tiger status long ago, more a mangy alley cat these days.

  6. 6 laurent 17 June 2009 at 12:12 am

    i have lived seven year in Thailand and moved one year ago to Cambodia. I am delighted by theses news and the reaction of the thai “shocked and jalous”. They just got what they deserve.
    Some of them are may be smart but how can they think that the foreigners would accept everything to have the privilège to live in their country. Cambodia is for sure a 3rd world country, the political system here is worse than the one in lalaland but they don’t think that they are the center of the universe or the hub of all hub. I will see their colapse from Phnom Penh. Thailand is a pure scam for years now and the make up “land of smile” is gone for everybody now.

  7. 7 Lothar 17 June 2009 at 6:15 pm

    If this news has the correct arrival numbers

    http://www.thaivisa.com/forum/Battered-Tourism-Sector-Seeks-Urgen-t273768.html

    then all hell broke loose. A downturn from 165,000 in 2008 to just 27,000 in 2009 (?? for the first weeks of Jun ??) it would mean
    the tourist industry is down by -84%.

    Bye Bye Thailand.

  8. 8 Marvo 18 June 2009 at 12:24 pm

    As you say Lothar, MCOT claim a downturn from 165,000 to 27,000 equals a 33.45% drop.

    Once again, the numbers in a Thai news item just don’t stack up! How the hell can you rely on any statistics you read here? Is the research non existent or are the reporter’s fingers so fat that they can’t h1t th r!te keyyz.


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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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