Thailand's auto market sales fall 29.8% in March 2024

In March 2024, wholesale sales in the Thai automobile market were 56,099 units, down 29.8% year-on-year. This downward trend is expected to continue until 2024, mainly due to factors such as Thailand's domestic economic slowdown, increased household debt, and delayed government budget execution. In addition, strict loan reviews for models such as pickup trucks are also one of the reasons for the decline in sales.