Thai CV market continues to decline in Q2 2025
By Will Pulson - 8th October 2025
Thailand - The Thai market for commercial vehicles over 2 tons gvw is estimated to have declined by a further 21% year-on-year to 40,051 units in the second quarter of 2025, following sharp falls in the previous two years, including a 22% drop to 50,622 units in the same period last year, according to analysis of industry wholesale data from various industry sources, including some estimates.
GDP growth slowed to 2.8% year-on-year in the second quarter, down from an upwardly revised 3.2% growth rate in the first quarter, but still ahead of modest market expectations. The slowdown reflected weaker domestic consumption, with private consumption growth slowing to 2.1% from 2.5% in the first quarter, while government spending growth slowed to 2.2% from 3.4%.
