Thailand’s new vehicle sales in January jumped 16.8% on year to 44,123 units, thanks to strong consumer spending on the back of economic growth, Toyota Japan’s Thai unit Toyota Motor Thailand Co. said in a monthly report cited by Dow Jones.
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The delivery of cars sold during the annual motor show in December also played a part in the increase in January sales, said the report.
Toyota Motor Thailand expects vehicle sales this year to climb to 590,000-600, 000 units from 533,176 sold in 2003 and, in January, led overall vehicle sales in terms of market share, with 38.4%, followed by Isuzu Motors Ltd., which recorded a 24.3% market share, according to the report.
Passenger car sales rose 9.6% on year to 15,958 units, led by Toyota and Honda Motor Co. Ltd., with market shares of 52.5% and 29.3% respectively, the report said.
Sales of one-ton pickup trucks surged 27.5% on year to 25,156 units. Overall commercial vehicle sales, which include one-ton pickup trucks, soared 21.3% on year to 28,165 units. The sector was dominated by Isuzu, with a 38.1% market share, and Toyota, with a 30.5% share, the report said, according to Dow Jones.
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