Sales, exports, production – Thai car business growing

Car sales are likely to exceed 900,000 units by the end of 2018. This is according to the Federation of Thai Industries (FTI) saying that production and sales have been picking up.

The automobile club president, Surapong Paisitpatanapong, says the general outlook of the industry is improving with both production and sales, both for local and export markets with March sales numbers picking up.

He says production in March this year was 195,257 units, up 9.21% from the same month last year, and the highest in the past 56 months since 2013. For the past three months of this year, total production was 539,690 units, or 11.15%, an increase over the same period of last year. By the end of this year he hopes total production could reach its target of 2 million cars.

95,082 cars were sold in the local market during March, raising total sales in the first three months of this year to 237,093 units.

For car exports, he says Thailand exported 110,946 cars in March, 4.7% higher from same month last year, or a growth for the fifth consecutive month.

SOURCE: Thai PBS