Domestic car sales jump 61% y/y in August

Domestic car sales jump 61% y/y in August

Domestic car sales surged 61.72% in August from a year earlier to 68,208 units, helped by an easing of Covid-19 curbs and a low baseline last year, the Federation of Thai Industries (FTI) said on Thursday.

That compared with July's 22.1% year-on-year rise. In the January to August period, car sales rose 19.61% from a year earlier.

Car sales should meet a target of 850,000 vehicles in the whole of 2022, the FTI said. In August, car exports increased 23.09% from a year ago after July's 17.7% year-on-year rise.

Thailand is a regional vehicle production and export base for the world's top carmakers, including Toyota and Honda. The industry accounts for about 10% of Southeast Asia's second-largest economy and its manufacturing jobs.  

Do you like the content of this article?
COMMENT (15)

China Evergrande winding-up lawsuit again adjourned

HONG KONG: China Evergrande Group, the world’s most indebted developer, said it expects to receive restructuring support from offshore creditors by as early as February, helping its plea to adjourn a winding-up hearing again.

12:43

Exports drop in Oct as global demand slows

Exports unexpectedly fell in October as tight monetary policy to curb inflation in major trading partners affected purchasing power and economic activity, the Commerce Ministry said on Monday.

11:50

BAFS expects jet fuel sales to surge

SET-listed Bangkok Aviation Fuel Services (BAFS) expects sales of jet fuel to grow by 50% next year, up from an estimated 4.2 billion litres in 2022, or 10.9 million litres per day, as the aviation industry recovers.

10:03