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KUKA robotic arms assembling vehicle body structure on modern automotive production line with automated welding systems

Thailand’s Auto Industry Hits 14-Year Low Amid Economic Woes

Economic Strain and Shifting Consumer Behavior Drive Record Low Production Levels Thailand's automotive industry is facing a significant downturn, with production expected to plummet to a 14-year low in 2024,…..

22 July 2024

Chart showing the percentage change in Thailand's consumer confidence from July 2023 to May 2024, with a trend line indicating a decrease over time.

Analysis

Thailand’s Declining Consumer Confidence: Impact on Auto Market

Weakening Economic Sentiment and High Household Debt Pose Challenges for Thai Auto Industry In June 2024, Thailand's consumer confidence reached a nine-month low, continuing a downward trend observed over the…..

12 July 2024