Honda dings sales outlook by almost 16% | Bangkok Post: auto

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Honda dings sales outlook by almost 16%

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The Japanese car maker Honda Automobile (Thailand) projects its domestic car sales will fall by 15.6% this year to only 180,000, in line with the country's overall car sales estimated to decline to 1.13 million vehicles. 

The fourth generation of theHonda City subcompact wasintroduced to Thailand yesterday. It is powered by a 1.5-litre engine, compatible with E85 fuel and priced from 550,000 to 749,000 baht.

"Shrinking demand after the government's first-time car buyer tax rebate expired in late 2012 and the political stand-off will wallop car sales this year," said executive vice-president Pitak Pruittisarikorn.

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