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Thailand August 2019: Mitsubishi (+5.1%), Honda (+2.7%) defy largest market drop since November 2016 (-6.9%)

Mitsubishi posts the largest gain in the Top 13 in August.

Following 29 consecutive months of growth between January 2017 and May 2019, the Thai market has now declined for 3 months in a row with August (-6.9%) showing the largest drop since November 2016 to 80.838 units. However thanks to a strong start of the year, the YTD tally remains in positive for now at +4.2% to 685.652. Brand leader Toyota defies the market slump by posting an almost identical volume vs. year-ago (+10 units) and commanding a 33.5% share vs. 32.7% so far in 2019. Mitsubishi (+5.1%) and Honda (+2.7%) are the only gainers in the Top 13 while MG (-1.6%), Suzuki (-2%), BMW (-4.4%) and Isuzu (-6.4%) contain their loss to below the market rate but Chevrolet (-52.3%), Ford (-35.4%), Mazda (-32.2%), Nissan (-12.5%) and Mercedes (-11.4%) all freefall. Below, Subaru (+255%), Porsche (+175.7%) and Volvo (+74%) make themselves noticed.

Previous month: Thailand July 2019: Mitsubishi (+18.9%) impresses in 2nd market drop (-1.1%)

One year ago: Thailand August 2018: Toyota up 69%, Hilux #1, market up 28%

Full August 2019 Top 25 All-brands ranking below.

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