THAILAND: Vehicle sales fall 12% in July - just-auto.com (registration)
New vehicle sales in Thailand fell by 12. 1% to 60,863 units in July, compared with 69,267 units in the same month of last year, according to data released by the Federation of Thai Industries. Cumulative seven month sales fell by 16% to 429,972 units, compared with already depressed year earlier sales of 510,178 units – which were down by over 39% on January-July 2013 volumes. It wants the minimum ownership period to be cut to three years which would allow most first time buyers to replace their vehicles from this year. The FTI also revealed that buoyant exports helped lift vehicle production by 9. 6% year on year to 165,863 vehicles in July, with strong demand for eco-cars and for new pickup trucks from Toyota and Mitsubishi. Source: www.just-auto.com
