The Thai new vehicle market continued to rebound in July, with sales rising by close to 81% year-on-year to a new monthly record of 131,646 units, according to data released by the Federation of Thai Industries.

The big jump in sales came as the country’s automotive industry finally normalised operations and made significant progress in fulfilling back orders after the disruption of last year’s floods.

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Cumulative sales for the seven-month period amounted to 736,528 units – up almost 46% compared with the 504,914 units sold in the year-earlier period.

Vehicle production rose by 44.5% year-on-year to 212,727 units, bringing the cumulative total to 1.27 million units – up by 32.6% year-on-year.

Exports rose by 25.1% year-on-year in July to 94,838 units, worth THB 46.3 billion, and by 15.7% to 551,707 units over the seven-month period.

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