New vehicle sales in Thailand fell by 46.5% to 83,893 units in March, from a peak of 156,953 units in the same month last year, according to the Federation of Thai Industries.
Sales continued to decline despite easing political tensions in the country. The market is still in the process of “normalising” in the aftermath of the government’s first time buyer incentive programme which was withdrawn at the end of 2012.
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First quarter sales fell 45.7% to 224,171 units, from 412,680 units a year ago.
Vehicle production fell 28.3% to 517,492 units in the quarter, from 721,460 units previously, while exports of assembled vehicles increased by just over 1.3% to 291,509 units.
