Domestic car sales hit 25-month low

Domestic car sales for January were down 45.5% on January 2013 to 68,508 units - the lowest level for 25 months, Surapong Paisitpatanapong, spokesman for the Automotive Industry Club, said on Thursday.

Car sales figures also dropped 39.86% on December 2013, he said.

The chairman attributed the decline in car sales to an end to the delivery of cars ordered under the government’s first car scheme, a slowdown in the economy, more stringent control on car loans by financial institutions and ongoing political turbulence that made buyers delay their car purchasing plans.

Car exports over the month totalled 81,025 units, down 6.93% on January 2013. Export value amounted to 37.41 billion baht, down 5.51% on the same month last year, he said.

Vehicle output in January dropped 31.09% in comparison to the same month in 2013, but was up 2.36% on December 2013, to 162,652 units.

Output from February to March is projected to stand at 511,342 units, an increase of 1.38% on actual output between November 2013 and January 2014, and a decline of 22.04% on the actual output during the same period last year.

Share your thoughts

Discussion 1 : 21/02/2014 at 09:53 AM
This is serious and probably means only people who can afford to buy/insure/ and maintain an auto will have one - what a new concept !
Discussion 2 : 20/02/2014 at 10:06 PM
bluebootle: Yes you are right, I am single minded. I only look at facts, my own numbers, and the numbers Bankok Post not letting me link up to. Look at the debt to gdp ratio f.eks. I seriusly not care who rule this country, I am sure it will be a Thai with high education, because thats stated in the nevest constitution. The rest is up to the Thai people, but right now Thailand dont need a government - they have many courts.
Discussion 3 : 20/02/2014 at 07:37 PM
You do have a one track mind dont you,The economy was in decline well before the protesta.Can you explain why in areas away from the protests thing are quiet for example Future Park.The car market was flooded 2 years ago and thus giving the impression all was well,inflation is rife and that is causing spending cuts not the protests but the inability of the government to controle it,spend spend spend somthing had to give.Nearly forgot the rice farmers have not been paid for some time either have they.
Discussion 4 : 20/02/2014 at 03:19 PM
Our shop has dropped 60 %. We cannot even cover the rent. But the shops around us, have days without one sale, so we try to be happy. When I drive to the shopping malls, I have no problem parking during lunchbrake. I have even seen empty parking floors, where we before had to drive around for 10 minutes to find parking. Thai economy have big problems. Thanks to Suthep and Co.
Discussion 5 : 20/02/2014 at 01:59 PM
On behalf of the Thai Dealer Association , thanks Yingluk and next time you think up a idea do us all a favour and forget it immediately.

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