New vehicle sales in Thailand rose 21.5% year-on-year in March to a new record high of 110,928 units, according to the Federation of Thai Industries (FTI).
The local automotive industry continued to recover from last October’s devastating floods which affected vehicle output for much of the last two quarters.
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Vehicle production increased 11% to an all time high of 190,935 units in March as manufacturers continued to reduce order the backlog which had built up over the last five months.
Vehicle exports rose 4.9% to 89,815 units in March for a total value of THB42.17bn (US$1.36bn).
With Honda Motor resuming full production at its Ayutthaya plant in the last week of March after more than five months of inactivity, the FTI expects vehicle output to bounce by close to 40% year on year in the second quarter to 477,000 units.
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