Sime Darby bearish on 2013 vehicle sales | Bangkok Post: auto

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Sime Darby bearish on 2013 vehicle sales

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Sime Darby, a major Malaysian industrial group, expects its Thai automotive sales to drop this year on lower demand. 

Steven Teo Chin Hun, the managing director of Sime Darby (Thailand), predicts domestic sales will drop by 20-40% this year from 6,000 last year.

Most car makers project domestic sales will drop to 1.1 to 1.2 million units after a bumper year in 2012 due to the government's first-time car buyer tax rebate.

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