Thai Auto Sales Plunged in April

thai auto sales

BANGKOK—Auto sales and production in Thailand tumbled again last month amid the nation’s political turmoil.

April production totaled 126,730 vehicles, down 25.6% from a year earlier, said the Federation of Thai Industries’ Automotive Industry Club—and a slight easing from March’s 29% contraction. Sales were off 33% over the year-earlier level to 73,242 vehicles.

For the January-April period, auto sales and production are down 43% and 27.8%, respectively, over a year earlier. The grim situation is starting to cost jobs.

“Auto makers and parts producers have started laying off their workers in May,” said Kovit Wongkolkitsilp, secretary-general of the FTI’s Auto Parts Industry Club. “Thailand’s economic slowdown as a result of delayed government investment projects has been largely attributed to the layoff.”

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