Car Sales plunged 37% in November

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BANGKOK, 19 December 2013 Thailand’s auto sales plunged 37.2% in November to 93,123 units, as car companies had filled their orders received under the government’s first car scheme. 

According to the Federation of Thailand Industries, the steep drop reflects that the market has returned to normalcy, after the sales have been driven up by the first car scheme in the past two years.

1.21 million vehicles were sold in the first 11 months of 2013, a 5.8 per cent year-on-year decrease. The number of cars produced in November also plunged to 182, 818, the lowest in seven months, decreasing 28.7% from the figure for the same period last year. However, the auto industry produced 2.29 million vehicles during the first eleven month of this year, an increase of almost 3% year-on-year.

In November, Thailand exported 96,000 vehicles, down 4.21 per cent from the previous year