Skip to main content

Advertisement

Advertisement

Thai domestic car sales jump 61.72per cent y/y in August

Vehicles are seen stuck in traffic along a road in Bangkok, Thailand December 18, 2018. REUTERS/Soe Zeya Tun

Vehicles are seen stuck in traffic along a road in Bangkok, Thailand December 18, 2018. REUTERS/Soe Zeya Tun

BANGKOK : Domestic car sales in Thailand surged 61.72per cent 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 22.1per cent year-on-year rise. In the January to August period, car sales rose 19.61per cent 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 23.09per cent from a year ago after July's 17.7per cent 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 10per cent of Southeast Asia's second-largest economy and its manufacturing jobs.

(Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Kanupriya Kapoor)

Read more of the latest in

Advertisement

Popular

Advertisement

Stay in the know. Anytime. Anywhere.

Subscribe to get daily news updates, insights and must reads delivered straight to your inbox.

By clicking subscribe, I agree for my personal data to be used to send me TODAY newsletters, promotional offers and for research and analysis.