BANGKOK, June 18 – Auto sales volume last month dropped by 3.5 per cent year-on-year for the first time in 17 months, according to Toyota Motor Thailand.
The lower May sales volume fell to 111,848 units as a result of most first-time car buyers already receiving their vehicles under the government’s first-car scheme.
However, car sales from January-May stood at 634,777 units, an increase of 31.4 per cent year-on-year. Sales of passenger cars grew 53.4 per cent year-on-year and commercial vehicles by 16.3 per cent.
The auto market in June shows signs of slowing down. The market is expected to return to normal after the first-car scheme saw a jump in vehicle demand last year.
