New vehicle sales in Thailand declined by 21.6% to 73,068 units in November, compared with 93,123 units in the same month of 2013, according to the Federation of Thai Industries.
Year-earlier sales had already fallen by over 37% from peak volumes of 148,243 in November 2012 which helps to highlight the depth of the recession in the country’s automotive market.
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Cumulative sales in the first 11 months of 2014 fell by 34.9% to 792,075 units, from 1,216,391 units in the same period of last year.
