Thailand's new vehicle market continued to expand in February, by 9.1% to 82,324 units from 75,466 units in the same month last year, according to data compiled by the Federation of Thai Industries (FTI).
The market in the last two years has been lifted by strong economic activity in the country with GDP growth at 4.1% in 2018 and 4.0% in 2017 – driven mainly by strong domestic consumption.
Sales of pickup-based vehicles rose by 10.1% to 40,951 units in February while passenger car sales rose by 9.2% to 32,338 units; and SUV sales were by 4.4% higher at 5,349 units.
Toyota's sales jumped by close to 26% to 25,517 units last month, according to separate sources, while Isuzu's sales rose by 11.5% to 14,795 units, Honda 9,697 units (+6.2%), Mitsubishi Motors 7,074 units (+3.9%), Nissan 5,998 units (+13.1%), Mazda 5,199 units (-3.7%) and Ford 4,602 (-16.3%).
Total vehicle sales in the first two months of 2019 year increased by 12.9% to 160,385 units from 142,011 units in the same period of last year.