Thailand’s Car Industry Is Booming After The Deluge

Thailands Car Industry
Thailands Car Industry
CEIC Macro Watch: Thailand’s automotive industry had recovered from the disruptive impact of major flooding by the end of 2011, as production rebounded vigorously on the back of stronger domestic demand. Motor vehicle production totalled 229.2 thousand during February 2013, compared to a monthly rate of just 23.7 thousand during its trough in November 2011. The recovery was largely attributable to the high growth in passenger car production, which increased from a low of 10.1 thousand units during November 2011 to 104.3 thousand units during February 2013 as passenger car sales grew from 13.2 thousand units to 63.5 thousand units during the period. Thailands Car Industry The recovery of Thailand’s automobile sector is credited to the government’s policy of subsidising car purchases for first time buyers. However, with the expiry of the “first car scheme” since December 2012, growth in the automobile sector is expected to normalise in the coming periods. Discuss this post and many other topics in our LinkedIn Group (you must be a LinkedIn member to participate). Request a Free Trial Subscription. By Anchalee Prasertkoon - CEIC Analyst Back to Blog
3rd May 2013 Thailand’s Car Industry Is Booming After The Deluge

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