Vehicle sales in Thailand fell 3.6% year-on-year in July, the 14th consecutive month to show a drop although the rate of decline slowed.
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Figures from Toyota Motor Thailand showed that the industry recorded vehicle sales of 43,156 units in July, but figures were improved from a month earlier when vehicle sales recorded falls of 13.4%.
Passenger car sales were hit hardest in July, falling 9.1%, while commercial vehicle sales edged up 0.5%.
“The drop was the smallest in 14 months because sales last July were also low due to oil prices hitting an historic high at that time,” said Toyota Motor Thailand in its monthly release.
It said sales in August were likely to be stable with the introduction of new models boosting the market but with rising oil prices holding it back.
Car sales in the first seven months of the year fell by 25% year-on-year to 274,584 units.
Toyota remained the market leader in Thailand with a share of sales at 42.6%. Isuzu accounted for 20.6%.
