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.
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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.
