Sales Figures 2013

January Sales

A bit late due to the new year holidays which will have affected sales.

Sales are up nearly 10,000 on January last year, a record month for the Roewe 350, maybe they were trying to hit 10,000 350s at the expense of the MG5?

The E50 has disapeared, presumably because the golden week of subsidies ended and the new subsidies haven't yet started - poor government!

I've added lines for New Zealand and Chile, both totals for all models.
New Zealand registered 4 MG6 in its first month. That's 0.054% of the total car market, 2.5 times higher than the UKs 0.022%.
Chile always publishes their figures very late so expect it to always be a month behind.

The UK figure is down but people will have been waiting for the new diesel MG6 to arrive, then in February they will be waiting for the new registration!


Model - China Sales (Rank)
-----------------------------
Roewe 350 - 9,808 ( 38)
Roewe 550 - 2,428 (114)
Roewe 750 - 0,237 (186)
Roewe 950 - 0,513 (173)
Roewe E50 - 0,000 ( )
Roewe W5  - 1,172 ( 37)

MG 3 - 4,079 ( 91)
MG 5 - 0,538 (170)
MG 6 - 2,228 (121)
MG 7 - 0,004 (218)
-----------------------------

China total - 19,835 (17)
UK total - 31
-----------------------------

1.Windy you see only optimistic numbers but i see big danger in MG/Roewe sales! First of all, in December MG/Roewe grew less than whole market, secondly in January (2012dec/2013jan) sales are -17% down, while China's total is +21%! MG/Roewe are extremely losing their market share.
And 2013 February sales will be much much worse because:

The figures probably were boosted as customers hurried to finish purchases before businesses closed for next week's Lunar New Year holiday. That is likely to depress February sales"

And here are my thoughts about your statistics:
2. I think that it's not right to exclude W5 sales, it's normal SUV (not commercial car or a bus!)

3.

China total - 19,835 (17)

Roewe/MG rank is not 17th in China, it's not correct. 17th place looks very optimistic in the list of 300 cars or 60+ brands, BUT if you sum these brands, you must sum Hyundai with Kia, VW with Audi, etc.

An example how autoweek.nl forum does:

1. Volkswagen (VW, Audi, Skoda): 300.656
2. Hyundai-Kia: 163.090
3. GM (Buick, Chevrolet, Baojun, Cadillac): 162.440
4. Nissan (Nissan, Venucia): 77.649
5. Geely (Gleagle, Emgrand, Shanghai Englon): 60.453
6. Chery (Chery, Riich, Karry, Rely): 55.132
7. PSA Peugeot-Citroën: 54.418
8. Honda (Honda, Linian, Ciimo): 47.248
9. FAW (FAW, Haima, Foton): 43.481
10. Changan (Changan, Changhe, Hafei): 41.810
11. SAIC (Roewe, MG): 21.007
12. Brilliance (Brilliance, Jinbei): 17.264
13. Zotye (Zotye, Jiangnan): 11.682
14. GAC (GAC, Changfeng, Gonow): 9.992
15. Fiat (Fiat, Chrysler): 4.044
16. JMC Landwind: 2.511

Mirtininkas wrote:
1.Windy you see only optimistic numbers but i see big danger in MG/Roewe sales! First of all, in December MG/Roewe grew less than whole market, secondly in January (2012dec/2013jan) sales are -17% down, while China's total is +21%! MG/Roewe are extremely losing their market share.
And 2013 February sales will be much much worse because:

The figures probably were boosted as customers hurried to finish purchases before businesses closed for next week's Lunar New Year holiday. That is likely to depress February sales"

In December they had record total sales and sold more cars than they produced. I don't know what the limiting factor on sales was but I do think they set their prices and marketing carefully to control sales instead of leaving control to the public.

For January/February sales, I think it is wrong to compare their growth to other brands because they are in different markets. The timeing of the lunar new year effect is different between private and business sales and I think between different price ranges - some will go out and buy a car in that period while others are off on holiday enjoying their existing cars.

Because of the lunar new year I am not convinced that the negatives are negative, best to leave judgement to next month.

Mirtininkas wrote:
And here are my thoughts about your statistics:
2. I think that it's not right to exclude W5 sales, it's normal SUV (not commercial car or a bus!)

The W5 is only excluded from the China total because that is how the figures are published and while I could add it in myself fairly easily, I can not calculate its position(rank) without recalculating all the other brands with their SUVs included - it is far too much effort.

Mirtininkas wrote:
3.

China total - 19,835 (17)

Roewe/MG rank is not 17th in China, it's not correct. 17th place looks very optimistic in the list of 300 cars or 60+ brands, BUT if you sum these brands, you must sum Hyundai with Kia, VW with Audi, etc.

Again, that is how the figures are published by the Chinese government and it does make sense. Audi and VW are seperate companies with seperate accounts although they both belong to the same group. MG and Roewe however are two brands belonging to the same company - Shanghai Automotive Passenger Cars, they both have the same shareholders and accounts. If you included the rest of SAIC group cars then you would include Shanghai GM and Shanghai VW cars

Mirtininkas wrote:An example how autoweek.nl forum does:

1. Volkswagen (VW, Audi, Skoda): 300.656
2. Hyundai-Kia: 163.090
3. GM (Buick, Chevrolet, Baojun, Cadillac): 162.440
4. Nissan (Nissan, Venucia): 77.649
5. Geely (Gleagle, Emgrand, Shanghai Englon): 60.453
6. Chery (Chery, Riich, Karry, Rely): 55.132
7. PSA Peugeot-Citroën: 54.418
8. Honda (Honda, Linian, Ciimo): 47.248
9. FAW (FAW, Haima, Foton): 43.481
10. Changan (Changan, Changhe, Hafei): 41.810
11. SAIC (Roewe, MG): 21.007
12. Brilliance (Brilliance, Jinbei): 17.264
13. Zotye (Zotye, Jiangnan): 11.682
14. GAC (GAC, Changfeng, Gonow): 9.992
15. Fiat (Fiat, Chrysler): 4.044
16. JMC Landwind: 2.511

The VW sales in that list come from two seperate companies with seperate ownership - Shanghai VW and FAW VW, again if you do that then why not add up Shanghai VW, Shanghai GM and Shaghai Automotive to give a number 1 with 296,144?

Where is Great Wall in your list They sold more than MG+Roewe in January.

The Roewe/MG rank of 17 is out of the 39 manufacturers, not out of the brands.
For you the Roewe 550 is an MG550 so I think that makes sense.

The brand table has 52 brands with Roewe 26 and MG 34.

The graph shows that 11 out of the last 12 months have had sales well above the 12 month average line, that is consistant, sustained growth and a healthy business, competing for the highest increase each month is not necessarily a healthy thing to do long term!

February Sales

As expected sales are considerably down on January, surprisingly they are slightly up on last year. (when the lunar new year was in January)


The MGs have done rather better than the Roewes with the MG6 overtaking the Roewe 550 for the first time ever and somehow the MG5 has managed an increase on January, still not convinced that it's sales are controlled by demand!

Although UK sales are very low since nobody in the UK buys a new car in February, if we ignore last years Avis registrations, this was the 6th month in a row with increased year on year sales and the 4th in a row at or above 300% year on year sales.

New Zealand managed zero sales!


Model - China Sales (Rank)
-----------------------------
Roewe 350 - 6,215 ( 41)
Roewe 550 - 1,201 (127)
Roewe 750 - 0,058 (197)
Roewe 950 - 0,318 (168)
Roewe E50 - 0,000 ( )
Roewe W5  - 0,671 ( 39)

MG 3 - 2,349 ( 92)
MG 5 - 0,571 (155)
MG 6 - 1,353 (121)
MG 7 - 0,003 (220)
-----------------------------

China total - 12,131 (16)
UK total - 9
-----------------------------





In comparison, Toyota sales in China down 45.7% in February, second only to the company’s sales drop of 48.9 percent in September 2012, In September MG-Roewe were up 120% and in February up 100.1%. http://www.carnewschina.com/2013/03/05/toyota-sales-in-china-down-45-7-in-february

Am i correct that lunar year in China in 2012 was in January and in 2013 in February when sales of any products are very low? So sales of 2013 February should be much better?
I'm compares month by month:
2012FEB/2013FEB -1.1%
2012DEC/2013JAN -17.3%
2013JAN/2013FEB -38.8%
2012DEC/2013FEB -49.4%
Tragedy! Later i will compare these month with China's total sales.

Mirtininkas wrote:Am i correct that lunar year in China in 2012 was in January and in 2013 in February when sales of any products are very low? So sales of 2013 February should be much better?
I'm compares month by month:
2012FEB/2013FEB -1.1%
2012DEC/2013JAN -17.3%
2013JAN/2013FEB -38.8%
2012DEC/2013FEB -49.4%
Tragedy! Later i will compare these month with China's total sales.

It's not so much the date of the lunar new year but how much of the long spring holidays which are dependant on the date of the full moon fall into each month. Then various brands do better or worse over the holiday period depending on if they are mainly commercial, government or private sales.


If you want to know how well the Shanghai Passenger Car Company did in February, just look at their sales ranking - 17 in January and improved one place to 16 in February. Although that gets confusing when you look at December and 14th place, which I think was also affected by the date of the lunar new year! Last year in January they were in 22nd place and improved to 20 in February so in one year they have overtaken 20% of the competition...

Next month should be a much better guide to how they are really doing.

March Sales

Back on the average line after the holidays, still a year on year increase but apart from the MG3 which is on a distinct upward trend they have lost market share. The data looks like March was still affected by the spring holiday but I'm not sure why when other brands were not.

The MG7 has reached the bottom of the graph along with NZ - having a logarithmic scale the axis is at 1 not zero. I wonder if there will be mention of an MG7 replacement at the Shanghai Auto Show, it's obviously not going to sell many more in it's existing form.

I've added a thin red line for the China manufacturer ranking - how many MG+Roewe have sold compared to the other manufacturers. Top position is at the top of the graph, last is at the bottom, it uses the right hand scale.


Model - China Sales (Rank)
-----------------------------
Roewe 350 - 8,177 ( 46)
Roewe 550 - 1,210 (142)
Roewe 750 - 0,189 (186)
Roewe 950 - 0,312 (179)
Roewe E50 - 0,000 ( )
Roewe W5  - 1,100 ( 39)

MG 3 - 4,860 ( 70)
MG 5 - 0,667 (161)
MG 6 - 1,096 (146)
MG 7 - 0,001 (224)
-----------------------------

China total - 16,512 (18)
UK total - 41
NZ total - 1

-----------------------------

April Sales

Below the average line again which is not good, but still 18th place and apart from the 350 the rankings are generally up so maybe just a poor month for China, I guess the Japanese brands have regained a lot of their sales after the island dispute so 18th place is likely to stay and we wont be seeing 13th again anytime soon unless the Japanese have failed to learn the lesson. The MG5 has a much smoother line than the rest, something odd there. The E50 is still waiting for the new subsidies to be announced!

UK sales where appalling and keep bouncing up and down while Chile sales are remarkably steady with 0.9% market share in both February and March, New Zealand is maybe starting up at last.

One other thing, the sales figures here don't match the figure I put on the other thread, 6,000 cars have gone missing! I'm sure they will reappear somewhere, not sure where though...



Model - China Sales (Rank)
-----------------------------
Roewe 350 - 6,363 ( 51)
Roewe 550 - 2,093 (113)
Roewe 750 - 0,146 (193)
Roewe 950 - 0,493 (169)
Roewe E50 - 0,000 ( )
Roewe W5  - 0,967 ( 40)

MG 3 - 3,558 ( 79)
MG 5 - 0,686 (160)
MG 6 - 1,120 (144)
MG 7 - 0,004 (218)
-----------------------------

China total - 14,463 (18)
UK total - 13
NZ total - 3

-----------------------------

May Sales

China sales are back on the trend line and SAIC Motor is back into 16th place The MG7 has had a huge increase! The E50 is back even though the government hasn't yet sorted out the new subsidies

UK sales

I've added Maxus to the graph, the gap in its data will get filled.



Model - China Sales (Rank)
-----------------------------
Roewe 350 - 8,362 ( 37)
Roewe 550 - 1,729 (125)
Roewe 750 - 0,087 (203)
Roewe 950 - 0,612 (166)
Roewe E50 - 0,006 (222)
Roewe W5  - 0,974 ( 43)

MG 3 - 4,157 ( 71)
MG 5 - 0,867 (157)
MG 6 - 1,389 (139)
MG 7 - 0,021 (216)
-----------------------------

China total - 17,230 (16)
UK total - 13
NZ total - 1

-----------------------------

June Sales

Roewe 350 sales into five figures and the total back over 20,000

Looking at the half year total, they are up by over 16% year on year but last year the second half saw a huge increase due to the China-Japan island dispute, I thought it was going to be very difficult to reach the target 240,000 for the year without another dispute, what I didn't expect was that the Japanese would be so stupid as to create one!  But they have, not only claiming Chinese Islands but also South Korean ones, China has hit back by questioning their ownership of Okinawa and the Okinawans have started an independence movement!  Good news for Jaguar Land Rover too as Chinese dealerships are building Jaguar and Land Rover dealers instead of Lexus and Toyota ones!  
Okinawa-talk-of-break-from-japan-turns-serious


Shanghai Auto have moved up into 14th place.



Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 10,223 ( 31)
Roewe 550 - 2,271 (106)
Roewe 750 - 0,101 (202)
Roewe 950 - 0,195 (190)
Roewe E50 - 0,001 (230)
Roewe W5  - 0,940 ( 42)

MG 3 - 4,039 ( 71)
MG 5 - 0,791 (159)
MG 6 - 1,555 (130)
MG 7 - 0,015 (223)

Maxus - 965
-----------------------------

China total - 19,191 (14)
UK total    - 22
NZ total    - 0

-----------------------------

July Sales

As normal for July, sales are well down.  Will August see sales start on a strong upwards path for the rest of the year as in previous years?

The E50 has outsold total UK sales!


Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 6,170 ( 41)
Roewe 550 - 2,129 ( 97)
Roewe 750 - 0,112 (203)
Roewe 950 - 0,296 (182)
Roewe E50 - 0,032 (216)
Roewe W5  - 0,624 ( 47)

MG 3 - 2,910 ( 84)
MG 5 - 0,604 (158)
MG 6 - 1,188 (131)
MG 7 - 0,002 (225)

Maxus - 688
-----------------------------

China total - 13,443 (18)
UK total    - 27
NZ total    - 0

-----------------------------

August Sales

Chinese sales look reasonable except for the Roewe 550 which has brought the total down below the trend line.  I suspect that customers are buying the new 550 but it isn't being delivered yet, although production is above the trend line so they must have been making something!

For the UK, nobody buys cars in August just before the new September registration plates.

Chile has returned to it's unbelievably straight line after a months holiday.

Looks like NZ, like the UK, needs the MG3!

The E50 has outsold total UK sales for the second month in a row!


Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 8,142 ( 37)
Roewe 550 - 1,697 (119)
Roewe 750 - 0,202 (189)
Roewe 950 - 0,187 (190)
Roewe E50 - 0,037 (209)
Roewe W5  - 0,821 ( 43)

MG 3 - 3,423 ( 79)
MG 5 - 0,662 (165)
MG 6 - 1,090 (141)
MG 7 - 0,009 (218)

Maxus - 808
-----------------------------

China total - 15,409 (17)
UK total    - 13
NZ total    - 0

-----------------------------

Windy, i don't understand your table. It's very problematic, 18 different lines and it's like "geometric progresion". I  can't see sales are going up or down, i can't see anything.

Numbers are numbers and tables are to see overall picture of them. And SMMT.co.uk don't exclude X5, X3 SUVs from BMW list, why you exclude W5?

Just made a simple table to see how well MG/Roewe goes in China:
https://2img.net/r/ihimg/a/img824/7328/8pci.jpg
At last i can see overall picture! Can you make your table more simple and less complicated?

Mirtininkas wrote:Windy, i don't understand your table. It's very problematic, 18 different lines and it's like "geometric progresion". I  can't see sales are going up or down, i can't see anything.

Numbers are numbers and tables are to see overall picture of them. And SMMT.co.uk don't exclude X5, X3 SUVs from BMW list, why you exclude W5?

Just made a simple table to see how well MG/Roewe goes in China:
https://2img.net/r/ihimg/a/img824/7328/8pci.jpg
At last i can see overall picture! :)Can you make your table more simple and less complicated?

Anyone else want to comment?
Anybody else find it hard to understand?
Anybody got good ideas for improving it?

Mirtininkas - on your graph (table), I can not see the E50 or MG7 at all and it's hard to see detail in several of the others, on my graph we can see detail in every line.  I do want to see the detail of how the E50 and MG7 are selling and that is why I use a logarithmic scale, it lets us see the detail for every vehicle.

On my graph all the lines use the left scale except the "China Rank", 1 car sold puts the line at the bottom and 32,768 cars sold puts it at the top, the lines are not stacked, there is no "geometric progression".

The total is shown by the black wiggly line at the top, that is the total of all the Chinese sales including the W5 and UK sales, maybe it shouldn't include the UK sales but they are so small you would not see the difference anyway.  From that line it should be clear how many cars have sold.  More interesting though is the almost straight grey line beside it, that is a 12 month rolling average and so removes the effect of annual events like low sales in July every year, from that line you can easily see if sales are increasing or decreasing, from it you can see that they have been increasing well for 1.5 years but now are fairly flat, even though they are well up on this time last year - not what SAIC want to see!

The only real problem with the graph that I can see is that since Maxus was added, it is a bit crowded in the middle, but I do want to see how Maxus is doing...

I think it would be clearer if you had one thread/chart for each territory. I'd imagine most people would like to see the UK one with perhaps the total MG worldwide sales line to see if there is a 'brand trend', but, to be honest, the sales in the UK could drop a significant percentage if a customer broke their ankle on the way to the dealership so plotting any trend won't be easy.

I find the graph easy to follow, but, then again, it does incorporate my comments.

Windy, you cannot see MG7 or E50 because their sales are only 0.0028% from total sales. But from my table i see perfectly what are the main products (MG3 and 350). Your graph migth be ok, but these uneven lines distorts the picture.

September Sales

I was worried that sales wouldn't manage to stay on the trend line for the autumn as there is no active island war with the Japanese this year and sales of Japanese cars have recovered, but MG and Roewe seem to be doing OK, more or less on their target, Sales are actually up on last September.

The UK figure is affected by a sale of a batch of pre-registered cars to Motorpoint and supply of demo MG3 to the dealers.  Those Motorpoint cars are actually being sold in October so October registrations of MG6 are likely to be well down, however a trickle of new MG3 are now arriving with customers, it will be interesting to see the next figures...

Chile has dropped slightly from it's dead straight line - maybe their space on the ship was taken up with Maxus V80's which are now selling in Chile.

New Zealand still needs the MG3!  It will be appearing at the Johannesburg Motor Show in South Africa later this week so should be on sale in SA, NZ and possibly Oz by the end of the year in UK specification.


Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 10,446 ( 32)
Roewe 550 - 2,160 (115)
Roewe 750 - 0,282 (194)
Roewe 950 - 0,232 (198)
Roewe E50 - 0,018 (222)
Roewe W5  - 0,922 ( 47)

MG 3 - 3,899 ( 88)
MG 5 - 0,827 (166)
MG 6 - 1,885 (122)
MG 7 - 0,025 (220)

Maxus - 1,003
-----------------------------

China total - 19,774 (15)
UK total    - 104
NZ total    - 0

-----------------------------

October Sales

Record sales for the 350 moving it up into 27th place out of 228 and one place ahead of the Shanghai VW Polo, the 950 is slowly loosing sales.

UK sales of the MG3 just starting.


Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 11,008 ( 27)
Roewe 550 - 1,586 (136)
Roewe 750 - 0,287 (192)
Roewe 950 - 0,119 (198)
Roewe E50 - 0,005 (223)
Roewe W5  - 0,845 ( 47)

MG 3 - 3,227 ( 92)
MG 5 - 0,733 (173)
MG 6 - 1,449 (140)
MG 7 - 0,038 (218)

-----------------------------

China total - 18,612 (15)
UK total    - 36
NZ total    - 1

-----------------------------

Maxus China - 713

-----------------------------

November Sales

Another record month for the 350, that's two in a row, and also a record for Maxus.

The MG6 is pulling ahead of the Roewe 550 and the MG7 is still rebounding! The Maxus V80 is about to overtake the Roewe 550   

As a manufacturer, Shanghai Auto is now well established in 15th place, and needing a lot more sales to make it into 14th.


Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 12,156 ( 28)
Roewe 550 - 1,322 (154)
Roewe 750 - 0,373 (190)
Roewe 950 - 0,190 (202)
Roewe E50 - 0,006 (227)
Roewe W5  - 0,720 ( 49)

MG 3 - 3,066 (100)
MG 5 - 0,906 (169)
MG 6 - 1,760 (139)
MG 7 - 0,069 (212)

-----------------------------

China total - 19,848 (15)
UK total    - 75
NZ total    - 2

-----------------------------

Maxus China - 1273

-----------------------------

December Sales

Another record month for the 350, that's three in a row, and also a record for Maxus.  (I said that last month )

The E50 has overtaken the 950   



Model     - China Sales (Rank)
-----------------------------
Roewe 350 - 15,883 ( 17)
Roewe 550 - 4,651  ( 87)
Roewe 750 - 1,035  (168)
Roewe 950 - 0,194  (208)
Roewe E50 - 0,301  (203)
Roewe W5  - 0,751  ( 51)

MG 3 - 5,879 ( 72)
MG 5 - 1,246 (162)
MG 6 - 3,670 ( 97)
MG 7 - 0,006 (234)

-----------------------------

China total - 33,065 (14)
UK total    - 120
NZ total    - 0

-----------------------------

Maxus China - 1,665

-----------------------------





That's a good end to the year giving a record 232,348 total for the year and a record 11,226 total for Maxus.

Windy wrote:
That's a good end to the year giving a record 232,348 total for the year and a record 11,226 total for Maxus.

Windy, do you have the numbers for the year sales by model written down somewhere?

patpending wrote:

Windy wrote:
That's a good end to the year giving a record 232,348 total for the year and a record 11,226 total for Maxus.

Windy, do you have the numbers for the year sales by model written down somewhere?

Yes


Here is a copy...

MG UK : 504

Chinese Sales Figures

MG3 : 45,446
MG5 : 9,058
MG6 : 19,950
MG7 : 197
350 : 113,033
550 : 24,477
750 : 3,109
950 : 3,804
E50 : 406
W5 : 10,507
Maxus V80 : 11,226

Chile MG : 2,183
Chile Maxus : 224

NZ : 12
NZ Maxus : 45

Hopefully we will get a split of the UK figures at some point but it might be a while yet...

While we are at it, here are the totals:

MG UK : 2,302


Chinese Sales Figures

MG3 : 128,045
MG5 : 18,246
MG6 : 88,424
MG7 : 6,781
350 : 293,602
550 : 250,083
750 : 27,480
950 : 8,700
E50 : 644
W5 : 21,958

Maxus V80 : 18,295


Chile MG : 4,607
Chile Maxus : 224

NZ : 12
NZ Maxus : 45


MG + Roewe Total: 850,947    (China + UK + NZ + Chile,  MG is sold in many more countries not included!)

Which nose does the MG7 wear nowadays? And only 197 for the year - it's amazing it's still listed!

Morris Motors wrote:Which nose does the MG7 wear nowadays? And only 197 for the year - it's amazing it's still listed!

It provides a link to the past, a true British gentleman's car, with BMW engineering   

It will also provide a link to the future when the new MG7 arrives,  Shanghai Show at Easter maybe.

I'm sure they have a stockpile to sell until then.



http://www.saicmg.com/mg7/

Still a handsome car - that nose is very BMW-ey.

I agree. I like how they reverted back to the pre-facelift style with it as I wasn't too fond of the look of the 2004 facelift.

Jobbybob wrote:I agree. I like how they reverted back to the pre-facelift style with it as I wasn't too fond of the look of the 2004 facelift.

yes, the NAC cars MG3SW and MG7 always had a very Mk1 look to them, whereas the off-the-drawing-board 750 looked more of a Mk2 V8...

Totals:

Purely MG in China was 241,496 - plus the Roewes (602,467) gives 843,963 without 4,607 merely for Chile, or Iran (1,463) or any of 35+ other places.

RHD sales are currently under 0.5% of the total (or under 2% of just the MGs). I deduce the assembly target in Thailand is 50,000 just for Thailand (in itself 20% of all MGs sold) so it is planned to be a game changer. Must be subject to a few risks with the political situation in Thailand.