Wednesday, December 11, 2013

Thailand Elections to boost Automotive Industry

Via Bangkok Post:

The local automotive market is expected to receive a shot in the arm next year after Prime Minister Yingluck Shinawatra dissolved the House and called a general election.
"The elections will definitely spur demand for vehicles, particularly for pickup trucks and motorcycles," said a source from the Federation of Thai Industries (FTI).
"A spending spree during the election will also give a boost to overall domestic car sales."
Earlier, the FTI forecast Thailand's domestic car sales next year would remain static at 1.35 to 1.4 million units, while this year sales are estimated at 1.36 million.
Over the first 10 months, domestic car sales stood at 1,123,268 vehicles, down by 1.8% year-on-year.
The FTI said the new election and higher spending both by the government and political parties will provide an impetus to the industry, spurring local sales to exceed earlier forecasts.

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