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
Leave a reply
The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Thailand Retirement Ranking Improving
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?
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...
