Honda Japan Forecasts a Sales Decline in Thailand’s Motorcycle Market

The baht's appreciation against the dollar leads to fluctuations in exports and lower prices in agricultural products, resulting in declining purchasing power among farmers, the main purchasers of motorcycles.

Honda Japan Forecasts a Sales Decline in Thailand’s Motorcycle Market

BANGKOK – Japanese motorcycle maker Honda Motor Co has projected a decline in the Thai market this year due mainly to lower agricultural product prices. New motorcycle sales in 2019 are forecast to drop 3.9% year on year to 1.72 million units, Suchart Arunsaengroj, vice president of AP Honda Co, the company’s Thai sales subsidiary, […]