Domestic auto sales in Thailand plunged nearly 30% year-on-year in January.
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It was the eighth consecutive month of decline. Domestic car and truck sales last month stood at 32,085 units, down 29.8% from the same period in 2008, said Toyota Motors Thailand, which complies statistics for Thailand’s auto industry.
Passenger car sales fell 10.0% to 13,527 units, while commercial vehicles plunged 39.5% to 18,558 units.
“Even though the government has issued several economic stimulus measures and the political situation is improving, the global economic recession is a threat which is pressuring the domestic economy,” Toyota said in a statement.
In December, 59,002 auto units were sold, an 8.3 percent year-on-year drop.
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By GlobalDataThe company predicted that domestic auto sales would improve in February as the government’s economic stimulus package starts to take effect.
