According to the Thai newspaper Poochadkjan the Swedish carmaker Volvo’s sales figures from 2009 has dropped 48 percent in Thailand, compared with the first five months of 2008. That is by far the largest cutback for any of the car-companies appearing on the list.
Some of Volvo’s biggest competitors – companies like Audi, Mercedes and BMV – also reports massive declines in their sale on Thailand, but none of their declines surpasses 20 percent. This gives the undesirable first place of sale-decline to Volvo
Volvo is a Swedish automobile manufacturer founded in 1927 in the city of Gothenburg, Sweden, and currently owned by Ford Motor Company – which currently experience major economic decline in USA. The name of the brand is Latin for “I roll”.