According to Toyota Motor Thailand, Thai vehicle sales contracted 28.6% year-on-year (y-o-y) in September 2013, to 94,945 units. In August, we expressed our view that sales declines in the market following the end of government subsidies in 2012 continue to weigh heavily on the market (see 'Softening Domestic Demand Prompts Sales Downgrade', August 19 2013). The widening of the negative y-o-y sales growth rates since then attests to the lingering hangover effects stemming from the withdrawal of subsidies.

BMI Industry View 7

SWOT 9

Autos 9

Political 11

Economic 13

Business Environment 15

Industry Forecast 17

Sales 17

      Table: Thailand Autos Sales, 2010-2017 17

Production 19

      Table: Thailand Autos Production, 2010-2017 19

      Table: Conditions To Be Eligible For Phase Two Of The Eco-Car Scheme 23

Trade 24

      Table: Thailand Autos Trade Balance, 2010-2017 24

Passenger Vehicles 27

      Passenger Cars 27

      Table: Domestic Passenger Car Sales - 10M13 27

Commercial Vehicles 33

      Pickups 33

      Table: Top Selling Manufacturers Of Pickups 33

Suppliers 37

Macroeconomic Forecast 42

      Table: Thailand - Economic Activity 46

Industry Risk Reward Ratings 47

Asia Pacific - Risk/Reward Ratings 47

      Table: Asia Pacific Autos Risk/Reward Ratings 50

Company Profile 51

Honda Motor 51

Ford Motor 52

Company Monitor - Mazda 52

Regional Overview 57

Asia Pacific Overview 57

      Table: Selected Asia Pacific Countries' Vehicle Sales, September 2013 And Full-Year 2013 (CBUs) 57

Global Industry Overview 64

Demographic Forecast 68

      Table: Thailand's Population By Age Group, 1990-2020 ('000) 69

      Table: Thailand's Population By Age Group, 1990-2020 (% of total) 70

      Table: Thailand's Key Population Ratios, 1990-2020 71

      Table: Thailand's Rural And Urban Population, 1990-2020 71

Methodology 72

Industry Forecasts 72

Sector-Specific Methodology 73

Sources 73

Risk/Reward Ratings Methodology 74

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 75

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