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Image source: Bangkok Post |
According to data from the Federation of Thai Industries (FTI), April’s auto production totaled 104,250 units, marking a 19.75% decline from the previous month and a 0.4% dip year-over-year. Notably, passenger car production reached 40,025 units, reflecting a 12% decrease compared to the prior month.
Domestic auto sales in April stood at 37,165 units, representing a 20.4% drop from the previous month’s report. Even the pickup truck segment, typically a stronghold for the industry in the Land of Smiles, witnessed a decline from 14,222 units to 9,769 units.
The production of new energy vehicles also took a hit in April. Pure electric vehicle production fell by 11.9% to 4,764 units, while plug-in hybrid vehicle production plummeted by 56.3% to 1,031 units. Hybrid vehicle production in Thailand decreased by 4%, with 18,581 units manufactured during this period.
Following a boost in March attributed to the Bangkok International Motor Show (BIMS 46th), Thailand’s automotive market has once again entered a downward spiral.
Although there was a slight increase in sales and production compared to the same period last year, these figures still highlight the imbalance within Thailand’s automotive industry, which was once a flagship sector for the nation.
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