Thursday, June 25, 2009

Bangkok Post: Local auto industry believes new models will revive sales

New model launches are expected to help stabilise local passenger car sales in the third quarter before a recovery in the fourth quarter, the Thailand Automotive Institute said yesterday.

While pickup truck sales and exports continued to plunge in May, the decline in passenger car sales was more modest. As a result, overall vehicle production rose 15% last month from April, said Vallop Tiasiri, the institute's president.