Positive outlook for domestic car sales this year

 

 

BANGKOK: -- The outlook for domestic car sales remains bright this year with sales rising although car exports will drop for the 11th consecutive month in May.

 

Surapong Paisitpattanapong, spokesman for the automotive indusyry club of the Federation of Thai Industries (FTI), said that the domestic auto sales in May 2017 increased continuously to 66,422 units, or 0.6 percent rise year-on-year.

 

This reflected positive economic outlook in the country.

 

But overall picture of the auto industry, he said in the first five months of this year, domestic auto sales amounted to 340,179 units in total, a 12.4% increase year-on-year.

 

Full story: http://englishnews.thaipbs.or.th/positive-outlook-domestic-car-sales-year/

 

-- © Copyright Thai PBS 2017-06-22

Exports down 11 months in a row...Domestic sales

up slightly, after repossessions....down, down,down!

11 hours ago, webfact said:

This reflected positive economic outlook in the country.

On the other hand:

"With Thailand suffering subpar growth in recent years when compared with growth in its Southeast Asian peers or with its own past performance, concern is growing that the country may have slipped onto a low-growth path that leads to the middle-income trap." The Asian Development Bank, April 2017

https://www.thailand-business-news.com/economics/57203-adb-forecasts-3-5-growth-thailand-2017-3-6-2018.html

Last year household debt reached an eight-year high. That level is unlikely to abate.