Thailand’s new-vehicle sales fell 3.5% in May to 111,848 units as the surge driven by the first-car tax-rebate program eased and the market returned to normal growth. It was the first year-on-year sales drop after 16 months of gains, but year-to-date deliveries remained at record levels, up 31.4% to 634,777 units. Toyota Thailand, which collates national sales data for the industry, says May new-car sales slipped 5.8% to 52,734 units, while commercial-vehicle deliveries fell 1.4% ...

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