Thursday, July 2, 2009

BANGKOK POST: Auto revival unlikely before next year

Thailand's struggling automotive industry is expected to see a revival by the first or second quarter next year, says Vivek Vaidya, director of the Asia-Pacific automotive and transport practice with the industry consultancy Frost & Sullivan.

Based on the current scenario, total vehicle sales are projected to drop by 29% year-on-year to 434,000 units this year from 615,000 units sold in 2008. Sales of pickup trucks could decline 32% to 226,000 units and those of passenger cars by 14% to 195,000 units.