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%.
