THAILAND: Vehicle sales jump 233% in October
New vehicle sales in Thailand rose by 233% to 142,839 units in October, compared with 42,834 units in the same month last year – when the market was severely affected by severe floods across large parts of the country.
Cumulative ten-month sales rose by 59.9% to a new record high of 1,141,556 units, putting the market on course to reach 1.4m units this year.
Driving demand higher is pent up demand left over from last year and first-time buyer incentives, which expire at the end of the year.
Vehicle production rose by 48% to 1,975,783 units in the ten-month period, while exports rose by 21%, to 840,149 units – for a total value of THB 402.79 billion.
- COMMENT: The diminution of Fiat
- Q&A: Volvo XC90 chief engineer Håkan Ivarsson
- COMMENT: BMW & Mercedes battle over self parking
- RESEARCH SNAPSHOT: Review of front-end modules
- COMMENT: No wizards needed at US$100 a barrel
- Arrested Toyota executive quits
- "Levelling off" continues in China's car market
- GM pleased judge tosses out 'ignition switch' suit
- SUVs continue driving US sales growth
- New diesel with 'Thermo Swing Wall Insulation'
- Global light vehicle safety systems market- forecasts to 2029
- Magna International Inc. (MG) - Financial and Strategic SWOT Analysis Review
- Global light vehicle OE connectivity market- forecasts to 2029
- Global electric light vehicles market- forecasts to 2018
- Global light vehicle instrumentation and cockpits market- forecasts to 2029