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.
Thailand aims to push its games and content industry
After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.
Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.(more…)
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