# Car production in Thailand falls by 15.7% in December, 2.2% in 2023

- Link: https://www.thailand-business-news.com/business/124175-car-production-in-thailand-falls-by-15-7-in-december-2-2-in-2023
- Published: 2024-01-29T13:14:24+07:00
- Author: Akanksha Singh

Car production in Thailand decreased by 15.75% in December 2023 compared to the 
previous year, marking the fifth consecutive month of decline.

 * Car production in Thailand has been declining for five consecutive months, with
   a significant drop in output of pickup trucks being a key factor.
 * The decline in car production in 2023 amounted to 2.22%, attributed to factors
   such as banks tightening loans for pickup trucks.
 * In December, car sales also experienced a substantial decrease of 17.48% compared
   to the previous year.

This drop was primarily attributed to a decrease in the production of pickup trucks,
a key vehicle in Thailand’s automotive industry. The decline in output was linked
to banks tightening loans for pickup trucks.

ADVERTISEMENT

Additionally, car sales in December also saw a significant decrease of 17.48% from
the previous year.

Thailand, known as Southeast Asia’s largest autos production center and an export
base for major carmakers like Toyota and Honda, produced 1.84 million cars in 2023,
reflecting a 2.22% decline from the previous year.

### Related**Posts**

###  󠀁[Thailand’s Floods Expose Severe Vulnerabilities in Its Automotive Supply Chain](https://www.thailand-business-news.com/business/332669-floods-in-thailand-highlight-the-vulnerability-of-the-countrys-automotive-supply-chain)󠁿

###  󠀁[Thailand Business News — Morning Briefing](https://www.thailand-business-news.com/business/332413-thailand-business-news-morning-briefing-2)󠁿

###  󠀁[Thailand is making AI and semiconductors the focus of its next five-year development plan](https://www.thailand-business-news.com/business/332032-thailand-is-making-ai-and-semiconductors-the-focus-of-its-next-five-year-development-plan)󠁿

###  󠀁[Unleashing Urban Productivity: How Thai Cities Can Drive High-Income Growth](https://www.thailand-business-news.com/business/330874-unleashing-urban-productivity-how-thai-cities-can-drive-high-income-growth)󠁿