Vehicle sales to remain subdued in May
Thailand's vehicle sale should remain low in May due to the softening economy and the current political condition, said an executive of Toyota Motor Thailand.
"The economy is slowing while the political condition is intensifying. These may send a psychological impact on consumers and investors, and hence affect the auto market," said Vudhigorn Suriyachantananont, senior vice president of TMT.
According to data compiled by the company, a number of 73,260 vehicles were sold in Thailand in April, showing a 33.2 per cent drop from the same period last year. Cumulative sales in the first four months of this year reached 297,431 units, down by 43.1 per cent.