New vehicle sales in Thailand increased by 63.4% to 125,817 units in January, from 76,246 units a year earlier, according to data released by the Federation of Thai Industries. 

The market benefited from an overspill of orders from December, ahead of the withdrawal of government-sponsored first-time buyer incentives. Also, sales a year earlier were held back by disruption to production as a result of widespread flooding in the country.

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Thai automakers exported a total of 86,697 units in January, up by 61.8% year-on-year. The value of exports increased slightly slower, by 58.9% to THB 39.5 billion, with the strong baht affecting export earnings. 

Vehicle production increased by 68% year-on-year to 236,025 units.

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