Search Results for: pickup sales
- Business News
Weak economy and loan restrictions further plummets pickup sales
Domestic car sales are facing significant challenges as pure pickup sales dropped by 40.8% in the first five months of 2024, primarily due to a weak economy and difficulties in accessing loans, according to the Federation of Thai Industries (FTI). From January to May, sales of pickup trucks fell by 40.8% year-on-year to 75,510 units. While sales of pickup passenger…
- Transport News
Isuzu dominates Thai pickup sales 2022
Pickups are an integral part of the landscape in Thailand, with a long history and a big impact on the economy and culture. These versatile and durable vehicles dominate Thailand’s auto industry. In 2022, pickups accounted for 46% of all vehicles sold in Thailand. Some 390,000 pickup trucks were sold in Thailand in 2022. Two models regularly outsell the rest…
- Business News
Phuket Business: Pickup sales champ
PHUKET: Reinforced with continuous, cutting-edge improvements to its steering and suspension systems, the Toyota Hilux Vigo Champ looks to retain its stronghold on the domestic pickup market. The Phuket Gazette had the opportunity to join an exclusive tour of Toyota Motor Thailand’s (TMT) Ban Pho production plant recently, gaining a first-hand look at the prized truck’s production and assembly line.…
- Business News
Thai domestic car sales slump hits 26% as pickup sector suffers
The Federation of Thai Industries (FTI) reported a 26% year-on-year drop in domestic car sales for February, primarily affecting the pickup sector. This downturn is expected to hit a two-year low. The total number of cars sold in the country came to 52,843 units, a significant drop from the previous year’s 71,551 units. Despite the worrying sales slump, Surapong Paisitpatanapong,…
- Business News
Thailand vehicle sales plummet 24% as debt pressures rise
Thailand’s vehicle market faces a challenging 2024 as initial optimism fades amid weaker-than-expected sales and increasing debt pressures. Vehicle sales in Thailand declined sharply by 24% year-on-year in the first four months, totalling only 46,738 units, according to the Asean Automotive Federation (Asean Autofed). This marks a significant drop from the 59,530 units sold during the same period in 2023.…
- Business News
Thai cycle woes: Motorcycle sales hit brakes amid economic woes
Thailand’s motorcycle manufacturing and sales are experiencing a downturn this year, as the economy faces challenges from high household debt and weakened consumer purchasing power, according to the Federation of Thai Industries (FTI). FTI Vice-Chairman and spokesperson for the federation’s Automotive Industry Club, Surapong Paisitpatanapong revealed that economic uncertainty has led to cautious spending among consumers, compounded by recent layoffs…
- Automotive
Thailand automotive sales in 2024
Thailand’s car market is all over the place in 2024. After a tough 2023 with a 9% drop in sales and a slow economy, there’s some hope. Toyota, for example, wants to boost sales by 4%, aiming for 277,000 units to keep its big market share. Electric cars (EVs) are the big thing. Even though the first quarter of 2023…
- Thailand News
Toyota’s electric pickup fleet revs up Thai beaches
Toyota’s groundbreaking project in Pattaya showcases nine fully electric Hilux Revo pickup trucks revamped for public transport, marking a pivotal moment in Thailand’s automotive landscape. Reflecting Japan’s determination to reclaim the electric vehicle (EV) market throne from Chinese rivals, this initiative aims to redefine urban transit in the Land of Smiles. Surapoom Udomwong, Executive Vice President of Toyota Motor Thailand…
- Business News
Chinese automaker Hozon aims to double its EV sales in Thailand
Hozon New Energy Automobile Co, a Chinese manufacturer operating as Neta Auto, has set a target to double its electric vehicle (EV) sales in Thailand to 30,000 units this year. The announcement was made during last month’s Bangkok International Motor Show. The company’s swift rise in popularity in Thailand, a market previously dominated by legacy automakers, is a testament to…
- Thailand News
Former salesman’s illegal bullets seized by Thailand police
The Thai authorities apprehended a former ammunition salesman for allegedly engaging in illegal bullet sales online, unearthing an arsenal of 31,800 cartridges at his residence in Khlong Toei district. Commissioner of the Metropolitan Police Bureau, Police Major General Theeradet Thumsuthee, disclosed today that 66 year old San Panjitkaeo was apprehended while dispatching parcels of cartridges to buyers at a courier…
- Business News
Thai Honda forecast mild ‘declinecycle’ in domestic sales this year
Thai Honda Co, a leading motorcycle manufacturer and distributor, predicts a mild decline in domestic sales to around 1.7-1.75 million units this year. This anticipated dip is attributed to the newly implemented regulations aimed at managing high levels of household debt. In the previous year, Thailand recorded total motorcycle sales of 1.88 million units. For the coming year, sales of…
- Business News
EV and SUV sales set for boost in Thailand amid automotive industry changes
This year, the automotive industry anticipates uneven sales growth, shaped by motorists’ evolving preferences and lenders’ decision-making. Electric vehicle (EV) makers and banks will be crucial in shaping domestic sales, especially within the pure pickup category. As per the Federation of Thai Industries (FTI), EVs, pickup passenger vehicles (PPVs), and sport utility vehicles (SUVs) are predicted to be this year’s…
- Business News
Thai car exports surge 12.2% in October despite domestic sales slump
Thai car exports witnessed a 12.2% surge in October, reaching 105,726 units, thanks to the escalating demand for pickups primarily in the Middle East. However, domestic sales didn’t keep pace, suffering from the burden of high household debt. The Federation of Thai Industries (FTI)’s Automotive Industry Club reported robust sales in other markets last month, including Australia, Europe, North America,…
- Business News
Ford Thailand revs up for turbocharged pickup comeback as year-end season approaches
Ford Thailand, the driving force behind Ford Motor’s presence in the country, is gearing up for a turbocharged comeback in pickup sales as we cruise into the final quarter of the year – a season traditionally revved up for car enthusiasts. This resurgence is expected to shift into high gear thanks to the bumper crop of income flowing in from…
- Business News
BEV sales set to outstrip targets despite stricter loan criteria
The Federation of Thai Industries (FTI) predicts sales of battery electric vehicles (BEVs) to exceed the set target of 40,000 units, by reaching between 60,000 to 70,000 units this year. This surge is despite the stricter loan criteria by banks, which pose a potential threat to Thailand’s domestic car manufacturing. According to Surapong Paisitpatanapong, vice-chairman of the FTI and spokesperson…
- Pattaya News
Calamari calamity: Squid vendor cart-wiped on Pattaya street by pickup truck
In an unfortunate event spurring questions about road safety, a squid vendor riding her food cart was struck by a speeding pickup truck on a bustling street of Pattaya on Tuesday night. The pickup truck implicated in the incident did not stop at the site, leaving the vendor and her companion with minor injuries and raising concerning questions about road…
- Crime News
Car saleswoman brutally raped and murdered in Thailand, family demands death penalty
The family of a young used car saleswoman who was brutally raped and murdered in Chiang Mai, northern Thailand, on Saturday is calling for the serial rapist responsible to be punished with the death penalty. Police arrested a 40 year old suspect, Nathapol Panpadungsap, in Mueang district at 3.30pm on Sunday. He has a long criminal history and was most…
- Thailand News
Mystery surrounds abduction of 35 year old car salesperson in Chiang Mai
The case of Aom (not her real name), a 35 year old car salesperson working for a well-known automotive showroom near Kad Sam Yek in San Sai district, Chiang Mai, sparked concern when she disappeared, feared abducted, after meeting a 41 year old male customer at a coffee shop near her workplace on Saturday, April 29. The family reported her…
- Technology News
Global Electric Vehicle sales up 109% last year
In new research on the global electric vehicle market, Canalys estimates that 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% on 2020. EVs include fully electric and plug-in hybrid passenger cars. The total global car market grew just 4% in 2021 as it continued to struggle with Covid-19 restrictions and chip shortages. EV sales represented 9%…
- Business News
Thai car manufacturers upbeat about sales
PHOTO: Chevrolet’s proposed SUV ‘Blazer’ to replace the Captiva Car sales for the first five months of this year stood at 437,722 equating to a year-on-year rise of just over 9%. Sales for May alone were 88,097 units, up 3.7%. But May’s growth slowed from the double-digit rise that the sector experienced between January and April, 2019. • By brand sales…
- Phuket News
Andaman Motor Show drives Phuket car sales
PHUKET: The 14th Andaman Motor Show currently under way at HomeWorks, opposite Central Festival Phuket on the bypass road, is enjoying one of its best years in car sales. The six-day event, this year under the theme “Summer on the Beach”, ends on Wednesday. “We don’t have final figures for the overall number of car loan applications yet, but I…
- Business News
Thai auto market anticipates price war as Chinese EVs flood in
The Thai auto market is bracing for a potential price war as the influx of affordable electric vehicles (EVs), mainly from China, threatens the traditional dominance of internal combustion engine (ICE) vehicles. Over the next few years, the competition is set to escalate as two to three Chinese automakers plan to roll out their EVs in Thailand, capitalising on the…
- Thailand News
Slapstick meth dealer flees from police, runs into wall, gets caught
A slapstick meth dealer in Nakhon Ratchasima was apprehended in a drug raid on his residence, where he attempted to flee, but ran into a wall in his drug-fuelled haste. He was promptly caught by the police, who discovered his hidden stash of methamphetamine. Police from the Khon Buri Police Station, led by Deputy Superintendent Decho Phengleng, and Investigation Inspector…
- Thailand News
Seized cars drive Thai social media wild as auction lot goes viral
A parking lot filled with seized vehicles, ranging from pickup trucks to motorcycles, awaiting auction went viral on social media today. Vehicles, both old and new, are being auctioned at starting prices as low as 3,000 baht for cars and 100 baht for motorcycles. However, buyers must handle overdue taxes, fix damages and manage repairs by themselves. Images of the…
- Thailand News
Nonthaburi hit-and-run injures seven, including five minors
A hit-and-run incident in Nonthaburi at 1am yesterday, June 28, resulted in multiple injuries, including five minors and two women. Bang Bua Thong police responded to the accident on Bang Kruai-Sai Noi Road, where rescue teams found five minors, aged between 14 and 17, with several injuries and two slightly damaged motorbikes nearby. Their names were withheld due to their…
- Thailand News
When pigs fly: Mercedes-Benz crash sends pork & workers flying
A rear-end collision involving a Mercedes-Benz and a pork delivery truck sent fresh pork and workers flying and left scattered all over the road, resulting in eight injuries yesterday in Nakhon Pathom. At 6pm yesterday, police officer Yanapat Buajumras received a report of a car crash involving a sedan and a pickup truck on the inbound Phetkasem Road near the…
- Thailand News
Potential Australian trade barrier could impact Thai auto exports
The Thai Automotive Industry Association (TAIA) has issued a warning that a prospective trade barrier, set to be imposed on new cars shipped to Australia next year, may impact auto exports. The trade barrier, known as the new vehicle efficiency standard, is a regulation being developed to limit carbon dioxide emissions per kilometre from new cars sold in Australia, according…
- Business News
Isuzu revs up green initiative with PTT union for clean fuel trials
Tri Petch Isuzu, Thailand’s Isuzu vehicle distributor, is joining forces with PTT Plc to test vehicles powered by a novel clean fuel. This initiative is aimed at supporting efforts to reduce the high carbon dioxide emissions from Thailand’s transport sector. The transport and power generation sectors are the main contributors to over 60% of Thailand’s greenhouse gas emissions, as per…
- Business News
Thailand’s car industry hits the brakes: Production plunges 20%
With a significant decrease in production, Thailand’s car output experienced a 19.28% year-on-year slump in February, with the total units produced amounting to only 133,690, as reported by the Federation of Thai Industries (FTI). The numbers, attributed predominantly to the reduced production of pickup trucks and increased imports of electric vehicles (EVs), starkly contrast the 12.46% dip recorded in January.…
- Business News
Thai EV market shifts into gear with Chinese investment
Major automobile companies are forecasting a rapid escalation in the Thai electric vehicle (EV) market, propelled by increased investment from Chinese EV manufacturers. This is anticipated to ignite a price war as manufacturers strive to lure consumers with competitive pricing. This viewpoint was shared by Narong Sritalayon, the managing director of Chinese automaker Great Wall Motor (GWM), in a statement…
