Car production falls 8.5%, local sales slump

Car production in Thailand dropped 8.45% in September from a year earlier to 164,093 units, as domestic sales slumped, the Federation of Thai Industries (FTI) said on Tuesday.

Thailand’s domestic car sales in September contracted 16.27% year-on-year following a revised 11.7% decline in August, as banks tighten auto lending, said Surapong Paisitpattanapong, a spokesperson for the FTI’s automotive…