The Thai automotive industry: gone global
Since crashing to a crisis low of 144,000 units in 1998, recovery in the Thai vehicle market has been steady - if not quite matching the break-neck recover rates seen in other regional markets such as Malaysia, Korea and even Indonesia. Four years after hitting rock bottom, the 406,000 new vehicle sales in 2002 amounted to little over two-thirds of their pre-crisis peak levels. Nevertheless, steady progress has been made and the growth that is currently taking place looks among the most sustainable in the region. Tony Pugliese reports.
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