Home Economy Business Thai Aug domestic car sales drop 12.1% y/y – industry federation

Thai Aug domestic car sales drop 12.1% y/y – industry federation

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BANGKOK: Domestic car sales in Thailand shrank for a 15th straight month in August, falling 12.1% from a year earlier to 68,883 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries (FTI) said on Thursday.

But sales increased 16.1% from July, helped by easing virus restrictions, a motor sales event and launches of new car models, it said.

In July, car sales tumbled 24.8% from a year earlier.

Thailand is a regional vehicle production and export base for the world’s top automobile manufacturers. – REUTERS