Thai November domestic car sales rise for first time in 18 months

[webfact]

Thai November domestic car sales rise for first time in 18 months

 

FILE PHOTO: An employee walks among vehicles at AutoAlliance Thailand, a Ford and Mazda joint venture plant, located in Rayong province, east of Bangkok September 17, 2013. REUTERS/Chaiwat Subprasom

 

BANGKOK (Reuters) - Domestic car sales in Thailand rose for the first time in 18 months in November, up 2.7% from a year earlier to 79,177 vehicles, after a 1.4% fall in the previous month, the Federation of Thai Industries (FTI) said on Thursday.

 

The increased sales were helped by government stimulus measures, launches of new car models and marketing campaigns, it said.

 

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 Ed Davies)

 

-- © Copyright Reuters 2020-12-17

 

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[ThailandRyan]

1 hour ago, webfact said:

The increased sales were helped by government stimulus measures, launches of new car models and marketing campaigns, it said.

Add in that the Vehicle dealers have slashed prices to make the sales.  If they were really serious then the Government would relax the import fees and then the cars would really move.

[Cake Monster]

With November being the start of a New  Financial Year in Thailand, a significant amount of the new Sales could possibly be the large Leasing Companies replacing or enhancing their Stock.