InfoAnda - Thai car sales fall 15.4 percent in October

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Thai car sales fall 15.4 percent in October AFP - Sunday, November 16 BANGKOK (AFP) - - Thailand's car sales fell 15.4 percent in October in the steepest loss of the year, apparently triggered by the global financial crisis, car manufacturer Toyota said Saturday. In a statement Toyota, which as the largest carmaker in Thailand compiles industry-wide monthly data, blamed eroding consumer confidence for five months of losses. "Sales have plunged because of the financial crisis in the United States and uncertainties over Thai politics, coupled with the fact that the consumer confidence index hit a new low," Toyota Motor Thailand said. Political turmoil has engulfed the kingdom since anti-government protesters took to the streets in May and have occupied the prime minister's offices since August, calling for the government to step down over corruption claims. Total car sales in October reached 48,942 units with passenger car sales rising 20.4 percent. But commercial vehicle sales, which make up a far greater share of the market, fell 28.3 percent and dragged overall figures down. Three Japanese auto makers, Toyota, Isuzu and Honda account for 79.8 percent of Thailand's total car market. Toyota predicted car sales in November would continue to shrink and Toyota has revised down its sales target for this year from 700,000 to 650,000 units, still 3.0 percent higher than last year. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Pakistan agrees to IMF credit of at least $7.6 blnReuters - 57 minutes ago Europes faces more "difficult" qtrs- ECB's B-SmaghiReuters - 1 hour 46 minutes ago World leaders panned over handling of financial crisis - pollReuters - 2 hours 7 minutes ago Indonesia's Timah sees tin output flat in 2009Reuters - 2 hours 19 minutes ago G20 Leaders at economic summit eye detection planAP - Sunday, November 16 Enlarge Photo Thai car sales fall 15.4 percent in October Most Popular – Business Viewed Bin Laden is isolated, focused on his own security: CIA Ancient 4,300-year-old pyramid discovered in Egypt Earth would be heading to a freeze without CO2 emissions Britney Spears's son hospitalized: statement Indian probe lands on moon, sends images View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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