Sales unlikely to hit target | Bangkok Post: business

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Sales unlikely to hit target

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Thailand's car sales are unlikely to reach 1.2 million units this year as projected, as the prolonged political turmoil is expected to undermine economic prospects and weaken domestic consumption for the whole of this year. 

Ong-arj Pongkijworasin the newly appointed chairman of the Federation of Thai Industries' automotive industry club said the club may revise down its local sales projection in the middle of the year after monthly sales in the first quarter did not exceed 100,000 units a month.

The club reported yesterday that Thailand's car production and domestic car sales continued to fall hard in March following the fading effect of the government's first-car subsidy scheme, which ended in 2012.

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