New vehicle sales in Thailand increased by 11% to 72,902 units in July, from 65,672 units a year earlier, according to data released by the Federation of Thai Industries (FTI).
The July increase follows a weak second quarter, as key Japanese manufacturers struggled to meet demand in the wake of the devastating earthquake and tsunami in March.
Go deeper with GlobalData
Cumulative sales for the seven-month period increased by 19.5% to 504,914 units, compared with 435,880 units in the same period of 2010, thanks mainly to strong growth in the first quarter.
Vehicle production increased by just 1% to 147,236 units in July, however, bringing the cumulative seven-month output to 957,843 units – up by just 4.7% year-on-year. The FTI expects vehicle output to increase by 17% in the third quarter to 510,000 units, as the Japanese supply industry continues to restore capacity.
Tony Pugliese
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
