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 Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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