Car production drops 7%, local sales fall

Car production drops 7%, local sales fall

Car models are displayed at the Bangkok International Motor Show this year. (File photo)
Car models are displayed at the Bangkok International Motor Show this year. (File photo)

Car production in Thailand declined 7.02% in October from a year earlier to 158,734 units on weak domestic sales, the Federation of Thai Industries (FTI) said on Thursday.

The figure compared with September's 8.45% year-on-year fall.

Domestic car sales in October declined 8.75% year-on-year after September's 16.27% on-year drop, due to tighter autos loans, said Surapong Paisitpattanapong, a spokesperson for the FTI's automotive industry division.

Thailand is a regional vehicle production and export base for some of the world's top carmakers, including Toyota and Honda.

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