Thailand International Motor Expo 2017, which ended on Monday (Dec 11), expects sales of automobiles to reach 50 billion baht.

According to organiser of the 34th Thailand International Motor Expo from Nov 30-Dec 11, new car bookings for the 12-day event has met projected targets with 38,000 bookings received for automobiles and 7,000 bookings for motorcycles.

More than 1.36 million people visited the expo this year.

Sport utility vehicle or SUV received the highest demand by customers, while luxury and sports cars also sold in higher numbers than in previous years.

Unofficial estimates of automobiles sales of all types and brands are between 45 -50 billion baht which represents a 20% increase over last year.

Honda cars lead the highest new car bookings with more than 5,500 units followed by Toyota with more than 4,300 units.

Overall, this year’s car sales rose by 10-12% and expectations are that the trend will continue into the next year.

For next year, the organizer forecasts 12% growth in car sales attributing to rise in global prices for Thai farming products which will help drive local demand for pickup trucks.

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Thailand Business News covers the latest economic, market, investment, real-estate and financial news from Thailand and Asean. It also features topics such as tourism, stocks, banking, aviation, property, and more.

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