Thai Vehicle Sales Drop 30 Percent in January

The situation for the global auto industry is looking increasingly bleak, and here in Thailand things are no different, with the industry posting sales figures for January that show a drop in sales of almost 30% when compared to January 2008.

Passenger car sales are down by about 10% which isn't actually all that bad. But commercial vehicle sales dipped almost 40% to just 18,558 units.

Toyota, in releasing the figures, has stated that it expects the industry to do better in February thanks to the government's stimulus package taking effect by then. But we are nearing the end of February it is hard to see any immediate effects of this financial package.

Fuel prices have increased slightly over the last month, and job losses are on the increase.

Source : AFP