Thailand’s new vehicle market showed little sign of improvement in July, with sales falling by 29.5% to 69,267 units, according to data released by the Federation of Thai Industries.
Sales in the same month of last year had already fallen sharply, by 25.4% to 98,251 units from 131,646 units in July 2012.
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Domestic consumption has been severely affected by the political crisis of the last nine months, which has also held back investment and tourist arrivals. The country’s economy contracted by 0.1% in the first half of the year.
Cumulative seven-month sales fell by 39.2% to 510,178 units, from 839,046 units in the corresponding period of last year.
Vehicle production fell by 24.9% to 151,339 units in July, from 201,446 units a year earlier, with seven-month sales figure down by 28.5% to 1,102,835 units.
Production for export in July rose by 10.2% year to 94,616 units and by 4.5% to 654,542 units in the seven-month period.
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By GlobalData
