New vehicle sales in Thailand continue to plummet in August, with total industry volumes dropping by 31% year on year to 68,805 units, according to the Federation of Thai Industries.
The country’s economy is struggling to recover from the recent political turmoil which culminated in a military coup in May. An FTI spokesman said slow disbursement of budgets by the military government and weak farm prices were holding back the recovery.
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Cumulative eight month sales fell by close to 38% to 579,243 vehicles while exports increased by just 1.7% to 742,382 units.
Production in this period fell 28% to 1.25m units.
