Oct car exports hit record high

Oct car exports hit record high

The number of vehicles exported in October totalled 98,284 units, up 79.71% on the same month last year, and an increase of 0.02% over September, Surapong Paisitpatanapong, spokesman of the Automotive Industry Club, said on Friday.

The export value for the month stood at 47.12 billion baht, an increase of 93.46% on last October, said Mr Surapong.

Car exports over the first ten months of the year (Jan-Oct) were also up from the same period last year by 21%, to 840,149 units, with a total value of 402.79 billion baht, up 24.56%, he said.

Car output in October stood at 252,165 units, the new high record since 1961, and a substantial increase by 410.05% on last October, when the country was hit by the great flood, he added.

Car production output over the first ten months of the year totalled 1,975,783 units, up 48.03% from the same period last year, according to the spokesman.

Mr Surapong projected car output from November to December at 445,412 units, an increase of as much as 261.77% on the last two months of 2011, on the back of full recovery in the automobile industry after the devastating floods.

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