July car exports drop 48.68%

Car exports for July 2009 were down year-on-year by 48.68 per cent to 36,555 units with a combined value of 17.36 billion baht, a decline by 46.74 per cent, the Automobile Group at the Federation of Thai Industries (FTI) said on Tuesday.

According to the FTI, car exports over the first seven months of this year totalled 271, 339 units, a decrease of 40.65 per cent from the same period last year. Car export value over the period declined 3.49 per cent to 125.68 billion baht.