August Vehicle Sales Up 21% on Last Year
|High fuel prices don't seem to be a problem for motorists in Thailand and vehicle sales are up according to a report from Toyota. You can get the full story on Business Day.
Fuel prices in Thailand have risen sharply over the last 6 months following a decision by the Thai government to move away from it's policy of subsidizing the cost of fuel. Toyota's report would indicate that the fuel prices have had some impact however, as passenger car sales have slumped seemingly giving way to the increase in sales of diesel powered one-ton pickup trucks. This increase is partly due to the cheaper running costs of diesel when compared to petrol engines, but can also be attributed to the launch of new models.
A case in point is the new Mitsubishi Triton, which apparently sold 12,000 units since it became available to order a month ago. Not bad considering that Mitsubishi projected sales of around 3,500 a month.