Thailand’s auto sales in July totaled 72,902 units, an increase of 3.76 per cent from the previous month and an 11 per cent increase year-on-year, according to Surapong Paisitpattanapong, auto industry spokesman for the Federation of Thai Industries (FTI).
Auto sales took an upturn in July due to the robust domestic economy and automakers were able to resume production at full capacity, so more cars could be delivered to customers.
Moreover, compact cars attracted a new group of customers. In the first seven months of this year, total auto sales reached 504,914 units, a 19.5 per cent increase year-on-year.
The auto production in July totaled 147,236 units, an increase of 1.01 per cent, compared to the same period last year and a 4.17 per cent drop from the previous month. Auto production in the first seven months of this year accounted for 957,843 units, an increase of 4.71 per cent from the same period last year. Most auto production — 51.41 per cent, or some 492,000 units — was for export, but dropped by 3.59 per cent, compared to the same period last year.
Motorcycle sales in July hit 178,050 units, an increase of 13.75 per cent year-on-year, but dropped by 19.763 per cent from the previous month. Motorcycle sales in the first seven months of this year was 1.2 million units, a 15.5 per cent rise year-on-year while motorcycle production in July totaled 291, 894 units, an increase of 20.1 per cent from the same period last year. The motorcycle production from January – July 2011 totaled 1.9 million units, an increase of 26.73 per cent year-on-year.
The FTI projected that automobile production in the next three months will be about 510,000 units, a 17 per cent increase year-on- year, while motorcycle production is expected at 499,240 units, a 5.12 per cent drop from the same period last year, said the spokesman. (MCOT online news)
fter a brief slowdown earlier this year, Thailand’s automotive industry is back near top speed, resuming progress toward the goal of becoming the world’s 10th biggest automaker. Rising steadily by one notch in 2009 and by another in 2010, Thailand currently ranks as the 12th largest auto manufacturing country.
Industry experts predict the country will enter the global top 10 on output of 2.3 million units in three or four years. Looking further, on the strength of its good fundamentals and untiring optimism, the Thai automotive industry is projected to keep advancing and turn out 2.5 million units by 2020.
In the wake of the temporary slowdown, Thailand’s automotive output for the whole of 2011 will likely be limited to between 1.65 million and 1.80 million units. Still, the former matches last year’s output and the latter figure would represent impressive growth considering the brief down period.
Showing the resolute nature of the local industry, during the parts shortage many automakers in Thailand acted to turn adversity into opportunity. For example, Toyota Motor Thailand, the biggest maker in the country, kept all of its workers on-shift while production was cut back temporarily. The company provided intensive skills-enhancement training courses for all personnel, strengthening operations even during the downtime.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.(more…)
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Subscribe via Email
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...