Thai market rebounds by 34% in Q2 2021

|

By Will Pulson - 6th September 2021

Thailand - The Thai market for commercial vehicles over 2 tons gvw plunged by over 34% to an estimated 94,255 units in the second quarter of 2021 from 70,151 units in the same period of last year, according to www.AsiaMotorBusiness.com analysis of data from various industry sources.

Thailand's economy expanded for the first time in six quarters in the second quarter of 2021, with activity rebounding by 7.5% year-on-year after shrinking by over 12% in the same period of last year. This upturn, which followed a 2.6% contraction in the first quarter, was driven a sharp rebound in exports and a recovery in private consumption, resulting in first-half growth of over 5%.

Become a subscriber to read article

Start free trial Already a subscriber? Click here to login.

Subscription Features

Unlimited Article Limits

Access to all articles published daily as well as Truck & Bus Builder archives.

Access Article Downloads

Tables, graphs and statistical information as well as government papers.

Premium Content

Including in depth market reports, feature articles and interviews with industry leaders.