Floods bring down Thailand vehicle sales by 67.5 percent in November image

New vehicle sales dropped severely in Thailand by 67.5 percent in November compared to the same month last year as car production largely remains suspended due to the floods.

Supply shortages brought on by the recent flood crisis suspended production among many automakers present in the country. New vehicle sales amounted to 25, 664 units in November, while sales in the first 11 months of the year rose 4 percent to 739, 506 units as consumers enjoyed increased purchasing power and carmakers introduced new models.

In November, Toyota kept its position as market leader in Thailand, with a 15.8 percent share of total new vehicles sold. Mitsubishi Motors was second, with a 13.9 percent share. Passenger car sales in Thailand fell 62.1 percent year-on-year to 12,746 units, with Honda Motor Company taking a 22.2 percent share. Nissan came in second with a market share of 21.1 percent.

Sales of commercial vehicles, including one-ton pickup trucks, dropped 71.5 percent to 12,918 units. With 24.9 percent of the market, Mitsubishi remained market leader in the segment, with Isuzu Motors taking a 20.1 percent share.