Toyota Motor (Thailand) reported domestic auto sales of 49.6K in January, up a record 54.5% YoY, but down 31.2% MoM. The YoY improvement was supported by a positive industry backdrop boosting consumer spending, such as local economic recovery, improved consumer confidence and low base in 2009. Domestic auto sales dropped MoM from December due to seasonality, as December’s auto sales are typically high because of the Motor Expo (there were 72.1K automobiles sold in December, including 25K automobile orders placed at the Motor Expo).
Domestic auto sales jumped 54.5% YoY in January
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...