Friday, July 17, 2009

BANGKOK POST: Auto market drop of 22% foreseen

The domestic automobile market this year is likely to be far worse than in 2008 because of the global recession and local political instability, says Ninnart Chaithirapinyo, the vice-chairman of Toyota Motor Thailand.

Total sales for 2009 are expected to drop 22% year-on-year to 480,000 units, while 2008 sales slipped only 3% year-on-year to 615,000 units, he said.