Thai Car Production Plummets 24.63% in January Amid Declining Sales and Exports

Reported about 6 hours ago

Car production in Thailand dropped by 24.63% in January, totaling 107,103 units, primarily due to weak domestic sales, which fell by 12.26%, and exports that tumbled 28.13%. This marks the 18th consecutive month of production decline, attributed to tighter auto loans resulting from high household debt and increased competition from Chinese cars.

Source: YAHOO

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