Thailand sees car sales bounce back after nearly 2 years
Domestic car sales in Thailand rose by 1% year-on-year in April, the first increase in 23 months, according to the Federation of Thai Industries (FTI).
At a car showroom in Thailand. Photo courtesy of bangkokpost.com.
The slight rebound came amid continued declines in both vehicle production and exports.
In April, car production fell 0.4% from a year earlier to 104,250 units, the FTI said. The fall followed a 6.1% year-on-year drop in March, and was the 21st straight month that production had declined.
Meanwhile, car exports dropped 6.3% against the same period last year, a smaller contraction than 14.9% posted in the previous month.
Thailand is Southeast Asia’s biggest autos production centre and an export base for some of the world’s top carmakers, including Toyota, Honda and China’s BYD.
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