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Thailand – little sign yet of recovery but hope for H2

Thailand's automotive market has started 2015 on a poor note and has failed to show signs of a return to growth this year

The automotive market in Thailand continues to contract, with the country's economy hit by lower commodity prices and sluggish investment. The new vehicle market has been going through an extended period of declining sales owing to such factors, which have led to poor consumer confidence. Last year, sales plummeted 33.7% compared with 2013 levels.

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