Thai car sales decrease for the first time in three years Economic slowdown due to US-China trade friction January 23, 20:08
In Thailand in Southeast Asia, where Japanese cars have a nearly 90% market share, the number of new cars sold during the past year was down 6.7% compared to the previous year due to the slowdown of the domestic economy due to trade friction between the United States and China. , Turned down for the first time in three years.
This was revealed at a press conference held by the largest local Toyota Motor Corp. in Bangkok, Thailand, on the 23rd.
According to the report, the number of new cars sold in Thailand by all automakers in the past year has decreased by 3.3% from the previous year to 1 million 7552 units, the first decrease in three years.
This was mainly due to the slowdown in the economy, including the slowdown in the main export industry in Thailand due to the trade friction between the United States and China and the slowdown in the global economy, and the weakening of the strong consumer spending.
The company also forecasts that the sales outlook for automobiles for the past year will remain severe, and expects 940,000 vehicles to be down 6.7% from last year.
At a press conference, Toyota Michinobu Sugata, President of Toyota, said, "The most sensible feeling in the field is that the Thai consumer's consumer sentiment has cooled. The US and China have reached a first-stage agreement over trade negotiations, We are optimistic in the financial markets, but we do not think we can be optimistic yet, "he warned of the economic outlook.