Car sales down 18.3% in May
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A number of 56,942 vehicles were sold in Thailand in May, a decrease of 18.3 per cent from the same period last year, according to data compiled by Toyota Motor Thailand.
Car sales in the first five months of this year dropped by 15.9 per cent to 308,787 units.
Toyota senior vice-president Vudhigorn Suriyachantananont attributed the decrease in May to persistently high household debt and financial institutions' stringent lending rules. A fall in agricultural crops prices also pressured the purchasing power of those in the farm sector.
