Thursday, June 30, 2011

Research and Markets: Thailand Autos Report Q3 2011 - Overall Expansion In The Order Of 10% Is Comfortably Within Reach In 2011

Good News ….
New vehicles sales in Thailand showed significant growth over 2010, rising by 45.8% year-on-year (y-o-y) to reach 800,357 units, according to figures released by the Thai Automotive Industry Association (TAIA). This sales performance reflected the strong recovery in consumer demand seen in Thailand across the course of the year, even against a backdrop of continued political strife.

We believe that output of vehicles in Thailand (inclusive of all producers operating in the country) is on course to expand 15% over 2011, before slowing down to an annual growth rate of around 8% over the remainder of our forecast period to 2015.