New vehicle sales in Thailand fell by 13.4% year-on-year in June to 43,402 units, according to data released by distributor Tri Petch Isuzu.
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Despite a slight improvement in sentiment in the last two months, the country’s economy continues to struggle with falling exports, lower tourist arrivals and continued political uncertainty.
Commercial vehicle sales were the worst hit during the month, with the dominant pick-up segment shrinking by 17.3% to 20,422 units – or less than half total sales versus a long term average of around 60-65%. Passenger sales fell by 8.9% to 18,746 units.
First-half vehicle sales fell by 28% to 231,428 units, compared with 321,475 units a year earlier, with pickup sales 36% lower at 112,869 units and passenger car sales down 13.1% to 96,056 units.
Toyota sold 95,334 vehicles in the first-half, for a 41.2% market share, followed by Isuzu with 48,858 units (21.1% market share) and Honda 39,967 units (17.3%).
Tony Pugliese
