Home MMBIZ News Thai Dec Auto Sales Drop 24.9pc

Thai Dec Auto Sales Drop 24.9pc

Thailand’s December auto sales fell to 108,688 units, a drop of 24.9 percent year on year, according to data released by the Federation of Thai Industries (FTI) last week.

 Annual domestic auto sales have been declining since May 2013, following the fading effect of a government first-car subsidy scheme, which ended in 2012.

According to FTI’s data car sales fell 37.2 percent year on year in November 2013, 37.7 percent in October, 28.5 percent in September and 22.6 percent in August.

In 2013, domestic auto sales fell 7.7 percent to 1.33 million vehicles, the FTI said.

Thailand is the biggest car market in Southeast Asia and a regional vehicle production and export base for the world’s top car manufacturers.

- Advertisment -

Must Read

U.S. strikes at a Huawei prize: chip juggernaut HiSilicon

By Josh Horwitz SHANGHAI, May 22 (Reuters) - The latest U.S. government action against China's Huawei takes direct aim at the company's HiSilicon chip division...