(File photo)The country's car exports in January recorded the lowest volume in 93 months, totalling 65,295 cars, a sharp drop of 20% year-on-year as overall economic sentiment at import destinations remained downbeat from the US-China trade war. On Thursday the Federation of Thai Industries (FTI) reported monthly figures for car production, sales and exports for January. With contractions for both exports and local sales, the country's car production in January dropped 13% year-on-year to 156,266 units. FTI has a conservative outlook for car production in 2020, staying at 2 million units because of many global headwinds. In 2019, the country's car production dropped 7.1% to 2.01 million units, pressured by contractions in both local sales and exports.

Source: Bangkok Post February 20, 2020 23:37 UTC