March auto sales tumble 46.7%

March auto sales tumble 46.7%

Automobile and truck sales plummeted by 46.7% from the same period last year, according Federation of Thai Industries data on Monday.

Annual domestic auto sales have declined since May 2013, following the fading effect of a government first-car subsidy scheme, which ended in 2012, when sales surged 81%.

In 2013, domestic auto sales fell 7.7% to 1.33 million cars and are forecast to drop by 13.6% this year, according to Toyota Motor Thai Unit.

Thailand is a regional vehicle production and export base for the world's top car manufacturers.

Monthly car and truck sales
Year No. of units % change
2014    
March                83,983 -46.7
February                71,680 -44.8
January                68,508 -45.5
2013    
December              108,688 -24.9
November                93,123 -37.2
October                88,989 -37.7
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