Thai new vehicle market continues to plunge in October
Tue, Nov 26, 2024 4:30 PM

Thai new vehicle market continues to plunge in October

A Flip by Avya Verma
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Thailand’s new vehicle market continued to deteriorate in October 2024, with sales plunging by 36% to 37,691 from already weak year-earlier sales of 58,963 units, according to the latest wholesale data released by the Federation of Thai Industries (FTI). The country’s vehicle market has been in a downturn for almost two years, after a brief rebound from the Covid pandemic lows in 2022.

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