Only about 39,000 vehicles were sold, a year-on-year decrease of 25%, marking the first time in 51 months that monthly sales fell below 40,000 units. The reason lies in financial institutions tightening loan standards to control non-performing loans.
By the end of the second quarter, non-performing loans in the automotive industry increased by 29.7% year-on-year, reaching 254.48 billion baht. This has led domestic automakers to reduce production by 20%.
In the electric vehicle sector, despite a 17% year-on-year increase in registrations in the first eight months, the full-year sales forecast has been revised down to 76,000 units.
The government's economic stimulus plan and fiscal year 2025 expenditures have become hopes for market recovery.
Chinese brands BYD and MG performed relatively well in the Thai market, but overall sales were poor.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
