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Thailand June 2019: Honda (+15.1%), MG (+14%) defy first market decline in over 2.5 years (-2.1%)

Honda sales gain 15.1% in a declining market.

New vehicle sales in Thailand hit the brakes in June at -2.1% year-on-year to 86.048 units, understood to be the first year-on-year decline in the country since December 2016, that’s over 2.5 years ago. Thanks to a strong first few months this year, the H1 tally remains comfortably in positive territory at +7.1% to 523.770 units. The Top 4 best-selling brands defy the market drop and all post year-on-year upticks: Toyota (+4.1%) is at 32.8% share ahead of Isuzu (+2.1%), Honda (+15.1%) and Mitsubishi (+2.8%). But MG (+14%) is the only other Top 10 gainer, equalling its highest ever market share at 2.7%, also hit in May 2018. In contrast, Ford (-29.7%), Suzuki (-26.2%), Mazda (-24.3%), Nissan (-14.3%) and Mercedes (-13.6%) all fall much faster than the market in the remainder of the Top 10. Below, Porsche (+100%), Subaru (+34.9%), Volvo (+15.7%) and Hyundai (+12.6%) make themselves noticed.

Previous month: Thailand May 2019: Chevrolet (+36.4%), Toyota (+10.2%), Isuzu (+9.2%) can’t help weakest market gain in two years (+3.7%)

One year ago: Thailand June 2018: Toyota Hilux repeats at #1, Mazda2 on podium

Full June 2019 Top 25 All-brands ranking below.

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