Connect with us
The clever new way to send money abroad

Business

Thailand’s car sales up 12.1% in March, to exceed 900,000 this year

The Federation of Thai Industries (FTI) says Thailand’s automobile industry is picking up with sales target end of this year to exceed 900,000 units

Published

on

The Federation of Thai Industries (FTI) says the country’s automobile industry is picking up both in production and sales with sales target end of this year to exceed 900,000 units

The country’s domestic car sales rose 12.1% to 95,082 cars in March from a year earlier, boosted by Bangkok Motor Show and improving public and private investment, the Federation of Thai Industries (FTI) said on Wednesday.

The FTI has forecast domestic car sales of 900,000 vehicles this year after a 13.4% jump in 2017, which was the first annual increase in five years and by the end of this year, total production could reach its target for 2 million cars.

According to FTI production in March this year was 195,257 units, up 9.21% from the same month last year, and the highest in the past 56 months since 2013.

For the past three months of this year, total production was 539,690 units, or 11.15% increase over the same period of last year.

Annual domestic car sales contracted during 2013-2016, following the end of a government car subsidy scheme in 2012, when sales surged 81%.

In March, car exports increased 4.7% year-on-year to 110,946 vehicles.

The FTI forecasts car exports at 1.1 million this year after 1.14 million cars exported last year.

Thailand is a regional vehicle production and export base for the world’s top carmakers. The auto industry accounts for about 12% of Southeast Asia’s second-largest economy.

Click to comment

Leave a Reply

Business

China’s economy stumbles on power crunch

Published

on

BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

(more…)
Continue Reading

Business

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.

Published

on

Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

(more…)
Continue Reading

Most Read

Recent