Thailand's new vehicle market dropped sharply in October, by 10.7% to 60,634 units from 67,911 units a year earlier, according to data released by the Federation of Thai Industries.
Vehicle sales had been recovering reasonably well after a weak first quarter of the year. But the loss of King Bhumibol Adulyadejin in October has had a significant effect on sentiment in the country and this has been compounded by an increasingly uncertain global political and economic outlook.
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The country's economy continued to grow strongly in the third quarter, however, with annual GDP growth at 3.2% compared with 3.5% in the second quarter.
Cumulative ten-month sales fell by 0.7% to 617,159 units, from 621,737 units in the same period of last year.
Vehicle exports also dropped sharply last month, by 7.2% to 103,192 units,while production was 2.6% lower at 161,105 units.
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