Markets
Thailand’s domestic automobile sales at 10-month highest
Of the 152,689 automobiles produced in Thailand in October, 80,569 units were produced for export and 71,438 others were manufactured for the domestic sales.
Thailand’s domestic automobile sales in October rose by 35.2 per cent year-on-year to 72,012 units, up 5.49 per cent from September, marking the highest level in the past 10 months, according to the auto industry.
Surapong Paisitpattanapong, spokesman for the Federation of Thai Industries (FTI) Automotive Industry Club, said on Wednesday that the continual growth in domestic car sale was thanks to the Thai economic recovery due to the government’s stimulus package ‘Thai Khem Kaeng’ (Strong Thailand) scheme, as well as the rising price of agricultural produce, growing exports, and the tourism industry.
Of the 152,689 automobiles, 80,569 units were produced for export and 71,438 others were manufactured for the domestic sales.
Another factor was that the compact car segment in the country continues to boom among Thai consumers.
From January to October this year, 628,361 units were sold, or a 49.7 per cent rise in the sales volume compared to the same period last year, the spokesman said.
via Thai domestic auto sales in October hit 10-month high: FTI.
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