Vote!

Thai car manufacturers upbeat about sales

PHOTO: Chevrolet’s proposed SUV ‘Blazer’ to replace the Captiva Car sales for the first five months of this year stood at 437,722 equating to a year-on-year rise of just over 9%. Sales for May alone were 88,097 units, up 3.7%. But May’s growth slowed from the double-digit rise that the sector experienced between January and April, 2019. • By brand sales in May, Toyota was up 10.2% to 29,337 units. Isuzu was up 9.2% to 15,651 units and Honda was up 7.7% to 11,224 units. Mitsubishi sales were up 6.2% to 7,308 units, and Nissan sales were down 1.0% to 5,385 units. • By body type, passenger cars were up 1.3% year on year to 33,580 units. Commercial vehicle sales were up 5.2% to 54,517 units. Pickup sales included in the commercial vehicle sales were up 8.9% to 44,102 units. The VP of Tri Petch Isuzu Sales, Takeshi Kazahara, is quoted in the Bangkok Post saying the slow growth last month is in line with Thailand’s general economic outlook, which is suffering from the US-China trade war. “This external factor could pressure the economy with unstable sentiment. A windfall factor is new investment flow from Chinese investors, who are shifting to invest in Thailand as they flee from the trade war. The rise of private investment could contribute to Thailand’s GDP and offset the trade war’s effect,” he told the Bangkok Post. Spokespersons from Mitsubishi and Suzuki also were bullish about the state of the Thai car sales, Mitsubishi saying they remain confident after a strong first quarter this year, and Suzuki calling for the Bank of Thailand to control financial measures for people borrowing to purchase cars. More worrisome is the drop in exports which are directly linked to the strength of the Thai baht. SOURCE: FTI (Federation of Thai... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Thai car manufacturers upbeat about sales, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you Thai car manufacturers upbeat about sales

 

 

Posted:

 

Read full story...

 

Published By: Phuket Gazette - Wednesday, 26 June

 

 

Thailand News Phuket News  /  Asian Travel News South Korea - Malaysia - Singapore - China - Philippines - Laos - Burma - Cambodia - Vietnam - Indonesia

 

 

 

 

 BACK TO: Phuket Hotel Deals - Phuket Flights - Phuket Travel Articles - Phuket News - Phuket Real Estate - Asia Jobs