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Thailand’s new-car sales climb 15% in April

Thailand saw the biggest jump, as the region’s second-largest auto market logged a 15% overall increase

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New-car sales in Southeast Asia rose 4% to 256,647 units in April for a sixth consecutive month of year-on-year increases, despite a slower pace of gains than in February and March.

Thailand saw the biggest jump, as the region’s second-largest auto market logged a 15% overall increase aided by a 23% boost in passenger-car sales.

The country continued its recovery, achieving a fourth straight month of double-digit growth. Automakers such as market leader Toyota Motor and fourth-ranked Mitsubishi Motors bolstered their market shares.

Sales rose 6% in Indonesia, Southeast Asia’s largest market, but fell in Vietnam and Singapore.

Malaysian sales inched up just 1%. Car production declined in April, possibly suggesting that automakers are growing skeptical of sales prospects in the country.

Zhejiang Geely Holding Group, the parent of major Chinese automaker Geely, plans to invest in ailing Malaysian car maker Proton Holdings.

Southeast Asian new-car sales soared 14% for both February and March. Japanese automakers account for 80% of the region’s market share.

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Thai Exports down 2.91% in the first half of 2019

Thai exports were down 2.15% in June, causing the sector to contract 2.91% in the first half of the year.

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Exports down 2.91%

BANGKOK, 22nd July 2019 (NNT) – The ongoing trade war between China and the United States continues to affect Thailand’s export sector. Last month, exports were down 2.15%, causing the sector to contract 2.91% in the first half of the year.

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Real estate developers’ confidence falls in Q2 2019

Real estate developers are also waiting for the government’s policy on real estate and housing development to be clarified.

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The confidence index of real estate developers for the second quarter of this year has dropped to 42.2 points from 50.4 points for the first quarter.

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MRT to start passenger Test Runs late July on Blue Line extension

The Mass Rapid Transit Authority (MRTA) commenced internal test runs on the MRT Blue Line’s Hua Lamphong – Bangkae extension on 1st July this year.

National News Bureau of Thailand

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BANGKOK, 07 July 2019 (NNT) – The Mass Rapid Transit Authority is set to open the MRT Blue Line Thaphra extension for passenger test runs in late July.

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