The domestic automotive market showed signs of improvement in August with year on year figures showing a lesser contraction, adding to signs that the country will soon emerge from its first recession in a decade. Data compiled by Tri Petch Isuzu Sale in the first eigth months of this year showed 317,835 vehicles had been sold, down 23.12% from the same period last year. Early this year, the market contracted as much as 30% when consumers were concerned about job security and political stability. Auto-makers did expect full-year sales to exceed 500,000 units compared to over 600,000 in 2008.
Auto industry’s August figures show signs of recovery
the authorThaiVest Editorial Team
All posts byThaiVest Editorial Team
Leave a reply
You Might Also Like
Thailand Retirement Ranking Improving
Joe MillerDecember 5, 2022
To see the Thailand Retirement Ranking improving delighted the Thai Prime Minister Prayut Chan-o-cha said government spokesman Anucha Burapachaisri. In...
Thai Stock Market Analysis May 9, 2022: How Much Lower Will the the SET fall?
Joe MillerMay 9, 2022
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
Thailand Economic Recovery Dwindling
Joe MillerDecember 7, 2020
Exports Decline Across the Board Merchandise exports in Thailand based on balance on payments contracted by 5.6% year-on-year in October...