Thailand vehicles market is involved in the global crisis, despite low cases of Covid19. Year to date April sales were 230.173 (-34.2%) with Toyota holding 29% of market share ahead of Isuzu and Nissan.Post Covid19 Market TrendThe start of 2020 have been steady, until the government have decided to shutdown the country to avoid the covid19 spread, with the most of commercial and production activities blocked in April.New light vehicles sales in April were 30.139 (-65.0%) with year to date figures at 230.173 (-34.2%). A similar trend was reported in the motorcycles sector.The market is under the domain of Toyota, which holds 29.1% of share this year. In second place there is Isuzu with 21.4% and in third Honda with 13.6%.Medium Terms Market TrendThailand vehicles market, crucial for the country and producing over 1 million vehicles per year, started the 2017 coming out from a really harsh period.Indeed a “crazy” government incentive run in the 2012 had generated a big bubble of sales with doubling 2012 sales at the record volume of 1.43 million (including HCVs) followed by a fall to a minimum of 768.000 units in the 2016, more or less the same level of the 2011.A recovery started in the 2017, when the market was positively impacted by the possibility, after 5 years of ownership, to re-sell vehicles purchased during the “first car buyers” 2012 incentive campaign.The market grew 13.4% in 2017 with 871.644 units, holding the impressive pace also in 2018, with sales at 1.041.739 (+19.5%).In 2019, according to data released by the Thai Automotive Industry Association, the market has pushed the breaks, reporting a flat performance with total sales at 1.040.123 (-0.2%).Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 ModelsThis content is for members only. Visit the site and log in/register to read.
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