View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 23, 2016

Thai vehicle market drops 15% in November

Thailand’s new vehicle market dropped sharply in November, by 15.3% to 64,771 units from 76,426 units a year earlier, according to data released by the Federation of Thai Industries (FTI)

Thailand's new vehicle market dropped sharply in November, by 15.3% to 64,771 units from 76,426 units a year earlier, according to data released by The Federation Of Thai Industries (FTI ).

This follows a sharp market reversal in October, when sales dropped by 11% as business activity in the country slowed sharply in the wake of the loss of King BhumibolAdulyadej.

The economy grew by 3.3% in the first nine months of the year, as the country began to recover from two years of underperformance.Economic growth is expected to slow once again in the fourth quarter, reflecting a slowdown in domestic consumption and investment.

Vehicle sales in the first eleven months of the year fell by 2.3% to 681,930 units, down from 698,163 units in the same period of last year.

Vehicle exports also declined in this period, by 1.4% to 1,102,000 units, while vehicle production was up by 2.7% at 1,808,000 units, according to FTI data.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto