Views Article – Sharenet Wealth

Asia, News

Thai Dec domestic car sales slump 21.4% y/y – industries federation

BANGKOK, Jan 22 (Reuters) – Domestic car sales in Thailand contracted for a seventh straight month in December, sliding 21.4% from a year earlier to 89,285 vehicles, hit by tougher lending by banks, the Federation of Thai Industries said on Wednesday.

Sales in November had declined 16.2% from a year earlier.

In 2019, domestic car sales dropped 3.3% to 1 million units, after a surge of 19.5% in the previous year.

Thailand is a regional vehicle production and export base for the world’s top automobile manufacturers. (Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Clarence Fernandez Editing by xxxx)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Array ( )