Thailand is a Constitutional Monarchy divided in 77 provinces and Member of ASEAN economic association. It is world's 20th country as population (67 million) and is still struggling to find a stable democratic process (current Constitution Act was issued in 2007 and could be reviewed in 2012), with thousand people killed in last years in the violence associated with southern Muslin provinces cause. Population growth rate at 0.5% annual is among lowest globally and dramatically influenced by high AIDS diffusion. In 2009 Thailand was the 13th world's country as deaths for AIDS. Urbanization is still low (34%) and people living in Bangkok is only 10% of total.
In the last 15 years Thailand growth at an average 4% rate, with a 2009 GDP 2.4% contraction due to global financial crisis impact over Thai exports. The recovery was fast, with a + 7.8% in 2008 and 4% in 2011, when the development was severely compromised by a catastrophic October flooding event in the industrial areas north of Bangkok, crippling the manufacturing sector.
the sector is employing over 300,000 people, generating 12% of the national GDP and is the country biggest manufacturing sectors. Ford, GM, BMW, Daimler, Chrysler, Mitsubishi, Mazda, Toyota, Isuzu, Honda and Nissan have established presence in the country. In the 2000 only 411.000 light vehicles were produced in the country, the 0.7% of global production. Ten years later, the 1.6 million units produced were the 2.1% of global production, with Thailand first Pick up models producer.
October 2013 sales statistics for the light passenger vehicle market in Thailand. reported the all-time record low, down 37.7%, the highest year on year loss ever registered. Now, cumulated 2013 figures went negative. Isuzu tackled the loss more than others and advanced in second place.
September 2013 was deeply negative for the automotive market in Thailand, as domestic sales dropped 27.6% from year ago, when government incentives had artificially created consumer's demand. Last month Nissan sales were up, Mitsubishi's down.
August car market was weak as expected in Thailand, dropping 22.6% from last year and reducing the cumulated gain at only 7.9%, as effect of expired incentive scheme. Stable the brand ranking with Chevrolet showing a substantial share increase.
In July the domestic car market in Thailand dropped 25.4% from last year, landing below the 100.000 units, first time after 15 months. Toyota had lost 2.0 points of share while Suzuki posted a wonderful performance.
Following the superb growth posted in the last 12 months, the Thailand's car market in June 2013 was flat from last year ending the first half at the new all-time record sales. Mitsubishi sales were up, while Honda regressed.
Although the government incentive scheme expired, car market in Thailand resisted at high level, losing in May only 3.5% from last year and defending a robust cumulated increase. Honda posted a wonderful performance, while Nissan heavily dropped.
The year of artificial market growth is now over for the car market in Thailand and in April the market was flat from last year. The year-to-date increase was 37%, but hard times are coming. Chevrolet was the winner doubling market share thanks to Sonic success.
The last effects of first-time buyers' government incentive are pushing the car market in Thailand further up and March posted a brilliant 41.8% increase. First quarter sales were up 48.7% from last year. Toyota share was above 40%.
The Thailand's car market continues its run and in February posted a 43.6% increase, the slowest increase in the last months. Cumulate sales at February were up 53.4%. Honda celebrates a great momentum advancing in second place.
January 2013 took benefit again from the government strong incentives to the first car purchase and Thailand's car market advanced 65% from last year. Honda continued to gain market share while Toyota was stable just above 30%.
In December, the Thailand Car market increased sales by 206% from December 2011, when it was penalized by flood and ended the year with a phenomenal increase of 80.8%, scoring the new all-time record.
November was a memorable month for the Thailand Car Industry, performing the new all-time highest volume with a 214% year-on-year increase. Year-to-date market was up 72.9%. Nissan posted the best ever month in the market with share climbed over 10%.
The outstanding momentum continued in Thailand for the car market posting in October a 196.4% year-on-year increase. Year-to-date market was up 63.3% thanks to unique first buyer incentive introduced last May.
In September, the Thailand car market confirmed its magic moment, doubling volumes from last year with 130.232 sales, up 99.1%. Year-to-date sales were 996.000, up 53.5% from last year. Honda recovered the 2nd place in the market, outpacing Isuzu for the first time after flood disaster.