According to the latest wholesale data released by the Federation of Thai Industries (FTI), in August this year, Thailand’s new car market still showed a downward trend, with new car sales falling 25% from 60,234 vehicles a year ago to 45,190 vehicles.
Currently, Thailand is the third largest automobile market in Southeast Asia, after Indonesia and Malaysia.
In the first eight months of this year, car sales in the Thai market fell to 399,611 units from 524,780 units in the same period last year, a year-on-year decrease of 23.9%. In terms of vehicle power types, in the first eight months of this year, in the Thai market, sales of pure electric vehicles increased by 14% year-on-year to 47,640 units.
sales of hybrid vehicles increased by 60% year-on-year to 86,080 units.
sales of internal combustion engine vehicles dropped by 38% year-on-year to 265,880 units.
In the first eight months of this year, Toyota remained Thailand’s best-selling car brand.
In terms of specific models, Toyota Hilux model sales ranked first, reaching 57,111 units, down 32.
9% year-on-year.
Isuzu D-Max model sales ranked second, reaching 51,280 units, down 48.
2% year-on-year.
Toyota Yaris ATIV model sales ranked third, reaching 34,493 units, down 9.
1% year-on-year.
It is worth noting that in August this year and the first eight months of this year, sales of these three best-selling models declined compared with the same period last year.
In contrast, BYD Dolphin’s sales surged by 325.
4% and 2035.
8 respectively year-on-year. %., BYD Dolphin.
Photo source: BYD, in terms of production, in August this year, Thailand’s automobile production fell 20.
6% year-on-year to 119,680 units, while cumulative production in the first eight months of this year fell 17.
7% year-on-year to 1,005,749 units.
However, Thailand is still the largest automobile producer in Southeast Asia.
In terms of automobile exports, in August this year, Thailand’s automobile exports fell slightly by 1.
7% year-on-year to 86,066 units, while cumulative exports in the first eight months of this year fell slightly by 4.
9% year-on-year to 688,633 units.
In the past year, China automakers such as BYD, GAC Ean, Hezhong Motors and Great Wall Motors have built new factories in Thailand and started producing pure electric and hybrid vehicles.
Toyota Motor and Isuzu Motor plan to launch pure electric pickup trucks in Thailand next year.
Earlier this year, the Thai government announced new incentives to boost sales of pure electric commercial vehicles, including trucks and buses, aiming to encourage the development of local electric vehicle production and supply chains.
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