Auto industry remains subdue in 9 mths

Weak domestic demand has resulted in a 7.6 per cent annualised drop in auto sales during the first nine months of this year, with the total sale of only 451,326 units, according to the data compiled by Tri Petch Isuzu Sales Co Ltd.

During the period, Toyota maintained the No.1 position with the net sale of 199,662 units, or 44.24 per cent of total market share. Trailing behind was Isuzu, with 103,174 units or 22.86 per cent. Honda came in the third place, with the sale of 48,236 units or 10.69 per cent. The remaining market shares were held by all other brands.

According to Tri Petch, amid economic and political uncertainties, consumers in September still delayed their purchases despite special campaigns from all auto companies. In the month, the number of sold vehicles also dropped 1.24 per cent from the previous month. Only 53,491 units were sold in September.

In the month, all auto companies launched special campaigns. For example, Toyota offered a free first-class insurance policy or a discount on downpayment. Honda offers a zero-rate hire-purchase loan for Accord series. Chevrolet offers the zero downpayment and zero loan rate for all models.

- The Nation

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Auto industry remains subdue in 9 mths

Weak domestic demand has resulted in a 7.6 per cent annualised drop in auto sales during the first nine months of this year, with the total sale of only 451,326 units, according to the data compiled by Tri Petch Isuzu Sales Co Ltd.

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