"Thailand Autos Report Q1 2014" Is Now Available at Fast Market Research
According to Toyota Motor Thailand, Thai vehicle sales contracted 28.6% year-on-year (y-o-y) in September 2013, to 94,945 units. In August, we expressed our view that sales declines in the market following the end of government subsidies in 2012 continue to weigh heavily on the market (see 'Softening Domestic Demand Prompts Sales Downgrade', August 19 2013). The widening of the negative y-o-y sales growth rates since then attests to the lingering hangover effects stemming from the withdrawal of subsidies.
View full press release