Thailand's domestic car sales shrink for 17th straight month in October

发布日期:2020-11-18 10:24:57

The Federation of Thai Industries (FTI) on Tuesday reported that Thailand in October produced 149,360 vehicles, down by 2.24 percent from the same period of last year.

Of the amount, 82,157 or 55.01 percent were produced for local markets.

Domestic car sales also shrank for a 17th straight month in October, down 1.4 percent from a year earlier to 74,114 vehicles, after a 4.1 percent fall in the previous month.

Surapong Paisitpatanapong, the FTI's vice chairman said on Tuesday's press briefing that there was an 18.81 percent increase in the second consecutive month as demand for pick up trucks had slightly increased, thanks to the Thai government's easing of COVID-19 lockdown restrictions.

Meanwhile, export-oriented production dropped by 19.65 percent to 67,203 vehicles, according to the FTI.

From January to October this year, Thailand produced 1,112,426 vehicles, down by 35.53 percent year-on-year, the FTI reported.

From January to October, Thailand exported 592,829 automobiles, down by 34.61 percent year-on-year.

The export value stood at 329,020 million baht (10.9 million U.S. dollars), down by 29.85 percent year-on-year.

Thailand is a regional vehicle production and export base for the world's top automobile manufacturers.