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Published by | frost-sullivan |
Published | 05 March 2014 |
Reads | 2 |
Language | English |
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PR Newswire
BANGKOK, March 5, 2014
Total vehicle sales in Thailand is expected to dip 11.7 per cent year-on-year to 1.175 million units in 2014 due to the current political turmoil and post-election uncertainties, says Frost & Sullivan.
Mr. Dushyant Sinha, Associate Director, Automotive Practice, Asia Pacific at Frost & Sullivan said that weak economic growth and slowing demand will also shrink the automotive market in 2014.
He added that the after effects of the first car buyer program launched by the Thai Government will also hit vehicle sales growth. "There will be dwindling current demand as buyers brought forward sales to take advantage of the incentives," Mr. Sinha said.
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