webfact Posted July 23, 2020 Share Posted July 23, 2020 Thai June domestic car sales fall 32.6% year-on-year - industries federation FILE PHOTO: Men work in the automobile production line of the new Honda plant in Prachinburi, Thailand May 12, 2016. REUTERS/Jorge Silva BANGKOK (Reuters) - Domestic car sales in Thailand shrank for a 13th straight month in June, dropping 32.6% from a year earlier to 58,013 vehicles, as the coronavirus outbreak hit demand, the Federation of Thai Industries (FTI) said on Thursday. Sales in May tumbled 54.12% from a year earlier. Thailand is a regional vehicle production and export base for the world's top automobile manufacturers. (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Ed Davies) -- © Copyright Reuters 2020-07-23 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post yellowboat Posted July 23, 2020 Popular Post Share Posted July 23, 2020 Surprised the number is not higher, given how bad things are and how bad they can get. 3 Link to comment Share on other sites More sharing options...
Grumpy John Posted July 23, 2020 Share Posted July 23, 2020 The situation is even worse in Australia! Sales going down quickly. Apparently Sangg Yong Australia is close to going under and Nissan is just holding on and praying for a miracle. Link to comment Share on other sites More sharing options...
DrTuner Posted July 23, 2020 Share Posted July 23, 2020 11 minutes ago, Grumpy John said: The situation is even worse in Australia! Sales going down quickly. Apparently Sangg Yong Australia is close to going under and Nissan is just holding on and praying for a miracle. Bring Holden back and make it 100% Oz. Good chance to get rid of Chinese supply chains now. Link to comment Share on other sites More sharing options...
Cake Monster Posted July 23, 2020 Share Posted July 23, 2020 With Domestic Car sales plunging over 43% Avg for the last 2 Months, these sales will be unsustainable. It will only be a matter of weeks before many of the Car Plants and the Supplier Base Manufacturing Plants are Mothballed. It is also fair to assume that the Export of the vehicles is also badly affected, which is going to cause a massive loss of Sales. Unfortunatley, there are going to be many people seeking alternative Employment once the Stock Holding Compounds are full of these unsold Vehicles, and the Distributors both In Thailand and around the Globe are saturated with stock, that they have little chance of selling now, or in the near future.. 1 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted July 23, 2020 Popular Post Share Posted July 23, 2020 5 hours ago, webfact said: Domestic car sales in Thailand shrank for a 13th straight month in June, dropping 32.6% from a year earlier to 58,013 vehicles, as the coronavirus outbreak hit demand, the Federation of Thai Industries (FTI) said on Thursday. Sales in May tumbled 54.12% from a year earlier. Covid only kicked in in late March... further proof the economy was already in trouble long before the covid blame game started. 1 3 Link to comment Share on other sites More sharing options...
Popular Post alien365 Posted July 23, 2020 Popular Post Share Posted July 23, 2020 I was looking at getting another but they are so expensive, especially considering most are made here. 2 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted July 23, 2020 Share Posted July 23, 2020 (edited) Car sales here are one of the most irresponsible financial deals I have ever seen. Thais girls mostly making 15,000 b a month with 7,000 b a month car payments... So stupid. But, the car companies are responsible. Greedy and negligent on this. Insane, uneducated, and irresponsible. I would never buy a car here. Edited July 23, 2020 by bkk6060 Link to comment Share on other sites More sharing options...
Parker2100 Posted July 23, 2020 Share Posted July 23, 2020 I have read articles where Thai officials shrug it off and say the Thai economy will 'only' contract 5.9% due to the lack of tourism. They even talk about doing away with the industry as a major part of the Thai economy. (Don't they want to create a bunch of "Fantasy Islands" for the rich?) It's the 'Domino Effect." Everything will be affected. Thais are going to hold onto whatever money they have. They have a lot of unemployed family who cannot contribute. And the family has to support them. 1 Link to comment Share on other sites More sharing options...
VocalNeal Posted July 23, 2020 Share Posted July 23, 2020 If nobody has any money and are not feeling happy they can't or won't buy a new car. No mystery there. 2 Link to comment Share on other sites More sharing options...
Alex 012 Posted July 23, 2020 Share Posted July 23, 2020 5 hours ago, Grumpy John said: The situation is even worse in Australia! Sales going down quickly. Apparently Sangg Yong Australia is close to going under and Nissan is just holding on and praying for a miracle. That is utter rubbish Sales are out of control in Australia, at least it is in Perth. Records being broken. Link to comment Share on other sites More sharing options...
Peterphuket Posted July 23, 2020 Share Posted July 23, 2020 2 hours ago, alien365 said: I was looking at getting another but they are so expensive, especially considering most are made here. Believe me, a lot has be done before you'll get a big discount. Link to comment Share on other sites More sharing options...
jackdd Posted July 23, 2020 Share Posted July 23, 2020 Just increase the price by 30%, problem solved. 2 Link to comment Share on other sites More sharing options...
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