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Thai Oct domestic car sales drop 11.3% y/y - industries federation

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Thai Oct domestic car sales drop 11.3% y/y - industries federation

 

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BANGKOK, Nov 20 (Reuters) - Domestic car sales in Thailand dropped for a fifth straight month in October, down 11.3% from a year earlier to 77,121 units, the Federation of Thai Industries said on Wednesday.

 

Sales contracted due to stricter lending by banks and flooding in many areas of the country.

 

Domestic car sales in 2019 are forecast to fall 3.8% to 1 million units, compared with last year’s 19.5% rise to 1.05 million units - the highest level in five years.

 

Thailand is a regional vehicle production and export base for the world’s top automobile manufacturers.

 

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-- © Copyright Reuters 2019-11-20

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Then allow decent cars here instead of the endless mind numbing stream of Honda Jazz’s/Civics and ugly underpowered banal 4x4’s everywhere !! 

Thailand is a decent car ghetto ! 

 

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1 hour ago, BuckBee said:

Motoring in Thailand is incredibly expensive and depreciation is huge

Expensive as in purchase ? For sure - as for depreciation forget it, if you buy a Fortuner now you will virtually get your money back if you trade it in next year 

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Finally some good news-there are already 6 times as many cars on the roads as they are built to carry-probably more now

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My wife is friends with quite a few business people ,one lady we know is quite high up in the car trade and flies all over the world ,so must know quite a bit ,she was talking the other day and said her company has thousands of cars stored as they cannot sell them ,things are very bad ,her words not mine .

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