Thailand’s Car Sales Hit by Economic Slowdown and Household Debt
Domestic car sales in Thailand took a sharp dive in July 2024, registering a year-on-year decrease of 20.5%, according to the Federation of Thai Industries (FTI). The significant drop, which saw sales volumes fall to 46,394 units, is largely attributed to the country’s sluggish economic growth and mounting household debt. The decline in car sales […]