Thailand

Flash report, Dec 2022

Feb 1, 2023

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

2022 vehicle sales in Thailand up 11.9%, production up 11.7% (detailed report)
According to the Federation of Thai Industries (FTI), December vehicle sales in Thailand decreased 9.0% year over year to 82,799 units. FTI attributed the decline to flooding in several provinces of Thailand as well as the chip shortage issue (in some car models). 2022 full year vehicle sales in Thailand increased 11.9% year over year to 849,388 units in accordance with the recovery of local economy thanks to the reopening of the country to more international tourism and creating new job opportunities locally. Other positive factors include the support measures from the government to stir up economic activities and boost consumer spending, such as the crop insurance scheme, 50:50 co-payment scheme, We Travel Together program, etc., as well as the launch of new car models.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in 2022, Toyota was up 20.5% to 288,809 units. Isuzu was up 15.4% to 212,491 units and Honda was down 6.6% to 82,842 units. Mitsubishi sales were up 6.8% to 50,385 units, and Ford sales were up 34.7% to 43,628 units.
By body type sales in 2022, passenger cars were up 5.3% year over year to 265,069 units, while commercial vehicles were up 15.2% to 584,319 units. Pickup sales included in the commercial vehicle sales were up 15.6% to 454,875 units.
The Isuzu D-Max was the best-selling model in 2022 with 181,384 units, followed by Toyota Hilux with 145,435 units, Honda City with 46,222 units, Ford Ranger with 29,310 units and Toyota Yaris with 28,522 units.
New vehicle production in December increased 2.7% to 158,606 units thanks to the availability of more auto parts, especially semiconductors. The 2022 new vehicle production increased 11.7% to 1,883,515 units.
Vehicle exports in December rose 10.2% to 111,605 units, the best in 45 months. The 2022 vehicle export increased 4.3% to 1,000,256 units valued at THB 619 billion, up 10.4%.
FTI anticipates growth of 3.5% in local car production in 2023 with 1.95 million units (1.05 million units for exports and 900,000 units to be sold locally, an increase of 1.2% and 6.4% from 2022, respectively).

Thailand - Production and Retail Sales of new vehicles

	Dec. 2022	Growth Y-o-Y (%)	Jan.-Dec. 2022	Growth YTD (%)
Production	158,606	2.7%	1,883,515	11.7%
Domestic Sales	82,799	-9.0%	849,388	11.9%
Export (CBU)	111,605	10.2%	1,000,256	4.3%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Dec.	Share	Dec.	Share	Y-o-Y	Jan.-Dec.	Share	Jan.-Dec.	Share	Y-o-Y
Toyota *	30,197	36.5%	27,150	29.8%	11.2%	288,809	34.0%	239,723	31.6%	20.5%
Isuzu	18,216	22.0%	18,801	20.7%	-3.1%	212,491	25.0%	184,160	24.3%	15.4%
Honda	8,324	10.1%	11,556	12.7%	-28.0%	82,842	9.8%	88,692	11.7%	-6.6%
Mitsubishi	4,204	5.1%	5,763	6.3%	-27.1%	50,385	5.9%	47,188	6.2%	6.8%
Ford	5,549	6.7%	4,123	4.5%	34.6%	43,628	5.1%	32,388	4.3%	34.7%
Mazda	1,579	1.9%	3,750	4.1%	-57.9%	31,638	3.7%	35,384	4.7%	-10.6%
MG	2,757	3.3%	3,765	4.1%	-26.8%	27,293	3.2%	31,005	4.1%	-12.0%
Nissan	2,164	2.6%	3,592	3.9%	-39.8%	22,521	2.7%	29,696	3.9%	-24.2%
Suzuki	1,672	2.0%	3,142	3.5%	-46.8%	20,083	2.4%	22,378	2.9%	-10.3%
Hino	1,636	2.0%	1,458	1.6%	12.2%	14,339	1.7%	13,840	1.8%	3.6%
Others	6,501	7.9%	7,910	8.7%	-17.8%	55,359	6.5%	34,665	4.6%	59.7%
Total	82,799	100.0%	91,010	100.0%	-9.0%	849,388	100.0%	759,119	100.0%	11.9%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Dec.	Share	Dec.	Share	Y-o-Y	Jan.-Dec.	Share	Jan.-Dec.	Share	Y-o-Y
Toyota *	8,941	36.2%	7,347	23.0%	21.7%	82,738	31.2%	62,403	24.8%	32.6%
Honda	5,786	23.4%	8,763	27.5%	-34.0%	61,665	23.3%	76,886	30.5%	-19.8%
Mitsubishi	1,824	7.4%	2,484	7.8%	-26.6%	21,157	8.0%	18,456	7.3%	14.6%
Mazda	523	2.1%	1,197	3.8%	-56.3%	17,810	6.7%	19,800	7.9%	-10.1%
Suzuki	1,476	6.0%	2,776	8.7%	-46.8%	16,721	6.3%	19,486	7.7%	-14.2%
MG	1,569	6.4%	1,615	5.1%	-2.8%	14,183	5.4%	10,389	4.1%	36.5%
Nissan	631	2.6%	2,171	6.8%	-70.9%	10,933	4.1%	19,790	7.9%	-44.8%
GWM	581	2.4%	296	0.9%	96.3%	4,326	1.6%	462	0.2%	836.4%
KIA	256	1.0%	275	0.9%	-6.9%	1,447	0.5%	1,573	0.6%	-8.0%
Porsche	133	0.5%	108	0.3%	23.1%	1,025	0.4%	1,382	0.5%	-25.8%
Ford	6	0.0%	6	0.0%	0.0%	46	0.0%	59	0.0%	-22.0%
Subaru	4	0.0%	0	0.0%	-%	25	0.0%	19	0.0%	31.6%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,968	12.0%	4,879	15.3%	-39.2%	32,993	12.4%	21,093	8.4%	56.4%
Total	24,698	100.0%	31,917	100.0%	-22.6%	265,069	100.0%	251,800	100.0%	5.3%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Dec.	Share	Dec.	Share	Y-o-Y	Jan.-Dec.	Share	Jan.-Dec.	Share	Y-o-Y
Isuzu	18,216	31.4%	18,801	31.8%	-3.1%	212,491	36.4%	184,160	36.3%	15.4%
Toyota *	21,256	36.6%	19,803	33.5%	7.3%	206,071	35.3%	177,320	35.0%	16.2%
Ford	5,543	9.5%	4,117	7.0%	34.6%	43,582	7.5%	32,329	6.4%	34.8%
Mitsubishi	2,380	4.1%	3,279	5.5%	-27.4%	29,228	5.0%	28,732	5.7%	1.7%
Honda	2,538	4.4%	2,793	4.7%	-9.1%	21,177	3.6%	11,806	2.3%	79.4%
Hino	1,636	2.8%	1,458	2.5%	12.2%	14,339	2.5%	13,840	2.7%	3.6%
Mazda	1,056	1.8%	2,553	4.3%	-58.6%	13,828	2.4%	15,584	3.1%	-11.3%
MG	1,188	2.0%	2,150	3.6%	-44.7%	13,110	2.2%	20,616	4.1%	-36.4%
Nissan	1,533	2.6%	1,421	2.4%	7.9%	11,588	2.0%	9,906	2.0%	17.0%
GWM	1,029	1.8%	1,170	2.0%	-12.1%	7,290	1.2%	3,240	0.6%	125.0%
Hyundai	806	1.4%	667	1.1%	20.8%	4,686	0.8%	3,094	0.6%	51.5%
Suzuki	196	0.3%	366	0.6%	-46.4%	3,362	0.6%	2,892	0.6%	16.3%
Subaru	313	0.5%	371	0.6%	-15.6%	2,257	0.4%	2,934	0.6%	-23.1%
Peugeot	48	0.1%	97	0.2%	-50.5%	590	0.1%	440	0.1%	34.1%
KIA	0	0.0%	4	0.0%	-100.0%	8	0.0%	39	0.0%	-79.5%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	72	0.0%	-100.0%
Others	363	0.6%	43	0.1%	744.2%	712	0.1%	315	0.1%	126.0%
Total	58,101	100.0%	59,093	100.0%	-1.7%	584,319	100.0%	507,319	100.0%	15.2%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Dec.	Share	Dec.	Share	Y-o-Y	Jan.-Dec.	Share	Jan.-Dec.	Share	Y-o-Y
Isuzu	16,638	38.4%	16,908	39.5%	-1.6%	195,945	43.1%	167,180	42.5%	17.2%
Toyota	18,083	41.7%	16,733	39.1%	8.1%	175,786	38.6%	151,501	38.5%	16.0%
Ford	5,543	12.8%	4,117	9.6%	34.6%	43,582	9.6%	32,329	8.2%	34.8%
Mitsubishi	2,360	5.4%	3,257	7.6%	-27.5%	28,978	6.4%	28,290	7.2%	2.4%
Nissan	429	1.0%	1,167	2.7%	-63.2%	6,516	1.4%	8,189	2.1%	-20.4%
MG	142	0.3%	392	0.9%	-63.8%	2,562	0.6%	4,600	1.2%	-44.3%
Mazda	127	0.3%	211	0.5%	-39.8%	1,506	0.3%	1,363	0.3%	10.5%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	24	0.0%	-100.0%
Total	43,322	100.0%	42,785	100.0%	1.3%	454,875	100.0%	393,476	100.0%	15.6%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Dec.	Share	Dec.	Share	Y-o-Y	Jan.-Dec.	Share	Jan.-Dec.	Share	Y-o-Y
Toyota	2,254	23.3%	2,489	22.0%	-9.4%	22,644	27.4%	20,355	28.7%	11.2%
Honda	2,538	26.3%	2,793	24.7%	-9.1%	21,177	25.6%	11,806	16.6%	79.4%
Mazda	929	9.6%	2,342	20.7%	-60.3%	12,322	14.9%	14,221	20.1%	-13.4%
MG	1,046	10.8%	1,758	15.6%	-40.5%	10,497	12.7%	16,014	22.6%	-34.5%
GWM	1,029	10.7%	1,170	10.4%	-12.1%	7,290	8.8%	3,240	4.6%	125.0%
Nissan	1,085	11.2%	249	2.2%	335.7%	4,909	5.9%	1,426	2.0%	244.2%
Subaru	313	3.2%	371	3.3%	-15.6%	2,257	2.7%	2,934	4.1%	-23.1%
Hyundai	389	4.0%	0	0.0%	-%	666	0.8%	3	0.0%	22,100.0%
Peugeot	48	0.5%	97	0.9%	-50.5%	560	0.7%	427	0.6%	31.1%
Mitsubishi	20	0.2%	22	0.2%	-9.1%	250	0.3%	433	0.6%	-42.3%
SsangYong	3	0.0%	1	0.0%	200.0%	10	0.0%	4	0.0%	150.0%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Others	0	0.0%	0	0.0%	-%	30	0.0%	13	0.0%	130.8%
Total	9,654	100.0%	11,292	100.0%	-14.5%	82,612	100.0%	70,921	100.0%	16.5%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Dec. 2022	Dec. 2021	Y-o-Y	Jan.-Dec. 2022	Jan.-Dec. 2021	Y-o-Y
1	Isuzu	D-Max	9,878	9,881	-0.0%	181,384	149,113	21.6%
2	Toyota	Hilux	7,617	8,160	-6.7%	145,435	130,829	11.2%
3	Honda	City	2,363	2,851	-17.1%	46,222	42,485	8.8%
4	Ford	Ford Ranger	2,051	1,715	19.6%	29,310	26,838	9.2%
5	Toyota	Yaris	1,260	1,574	-19.9%	28,522	25,573	11.5%
6	Toyota	Fortuner	1,576	1,196	31.8%	27,133	22,290	21.7%
7	Toyota	Yaris ATIV	2,543	992	156.4%	26,404	19,613	34.6%
8	Mitsubishi	Triton (L200)	1,188	1,414	-16.0%	23,070	22,389	3.0%
9	Toyota	Corolla Cross	1,211	1,023	18.4%	21,443	18,770	14.2%
10	Isuzu	MU-X	1,427	783	82.2%	19,376	15,430	25.6%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, Nov 2022

Dec 23, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

November vehicle sales in Thailand down 4.8%, production up 15.0% (detailed report)
According to the Federation of Thai Industries (FTI), November vehicle sales in Thailand decreased 4.8% year over year (YoY) to 68,284 units from the same period in 2021, due to flooding in several provinces of Thailand. According to FTI, the YoY sales decline occurred despite the recovery of local economy following the reopening of the country to more international tourism, which also allows more investors from overseas countries to enter Thailand, and hence creating new job opportunities locally. Vehicle sales in the first 11 months of 2022 reached 766,589 units, up 14.7% YoY.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in November, Toyota was up 6.0% to 24,554 units. Isuzu was down 10.1% to 16,561 units and Honda was down 15.0% to 7,328 units. Ford sales were up 67.7% to 4,807 units and Mitsubishi sales were down 21.2% to 3,469 units.
By body type, passenger cars were down 14.8% year over year to 20,263 units. Commercial vehicle sales were up 0.2% to 48,021 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were down 5.9% to 36,286 units.
The Isuzu D-Max was the best-selling model (registration base) in November with 13,378 units, followed by Toyota Hilux with 10,227 units, Honda City with 3,472 units, Toyota Yaris ATIV with 3,097 units and Ford Ranger with 2,676 units.
The FTI announced that new vehicle production in November reached 190,155 units, up 15.0% YoY. In the month of November alone, car production for domestic sales contributed 44%, while production for exports contributed 56%. In January-November 2022, vehicle production increased 12.6% to 1,724,909 units.
Vehicle exports in the month of November decreased 11.0% YoY to 87,979 units. FTI blamed a shortage of space on a RoRo (roll-on/roll-off) ship. The vehicle export value in November was THB 56.1 billion, down 2.9% year over year. In the first 11 months of 2022, vehicle exports from Thailand increased 3.6% YoY to 888,651 units.

Thailand - Production and Retail Sales of new vehicles

	Nov. 2022	Growth Y-o-Y (%)	Jan.-Nov. 2022	Growth YTD (%)
Production	190,155	15.0%	1,724,909	12.6%
Domestic Sales	68,284	-4.8%	766,589	14.7%
Export (CBU)	87,979	-11.0%	888,651	3.6%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Nov.	Share	Nov.	Share	Y-o-Y	Jan.-Nov.	Share	Jan.-Nov.	Share	Y-o-Y
Toyota *	24,554	36.0%	23,168	32.3%	6.0%	258,612	33.7%	212,573	31.8%	21.7%
Isuzu	16,561	24.3%	18,419	25.7%	-10.1%	194,275	25.3%	165,359	24.8%	17.5%
Honda	7,328	10.7%	8,624	12.0%	-15.0%	74,518	9.7%	77,136	11.5%	-3.4%
Ford	4,807	7.0%	2,867	4.0%	67.7%	38,079	5.0%	28,265	4.2%	34.7%
Mitsubishi	3,469	5.1%	4,404	6.1%	-21.2%	46,181	6.0%	41,425	6.2%	11.5%
MG	1,930	2.8%	3,023	4.2%	-36.2%	24,536	3.2%	27,240	4.1%	-9.9%
Nissan	1,604	2.3%	2,574	3.6%	-37.7%	20,357	2.7%	26,104	3.9%	-22.0%
Hino	1,289	1.9%	1,388	1.9%	-7.1%	12,703	1.7%	12,382	1.9%	2.6%
Suzuki	1,231	1.8%	2,473	3.4%	-50.2%	18,411	2.4%	19,236	2.9%	-4.3%
Mazda	1,159	1.7%	3,308	4.6%	-65.0%	30,059	3.9%	31,634	4.7%	-5.0%
Others	4,352	6.4%	1,468	2.0%	196.5%	48,858	6.4%	26,755	4.0%	82.6%
Total	68,284	100.0%	71,716	100.0%	-4.8%	766,589	100.0%	668,109	100.0%	14.7%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Nov.	Share	Nov.	Share	Y-o-Y	Jan.-Nov.	Share	Jan.-Nov.	Share	Y-o-Y
Toyota *	8,405	41.5%	6,304	26.5%	33.3%	73,797	30.7%	55,056	25.0%	34.0%
Honda	4,438	21.9%	8,062	33.9%	-45.0%	55,879	23.2%	68,123	31.0%	-18.0%
Mitsubishi	1,489	7.3%	1,785	7.5%	-16.6%	19,333	8.0%	15,972	7.3%	21.0%
Suzuki	986	4.9%	2,242	9.4%	-56.0%	15,245	6.3%	16,710	7.6%	-8.8%
MG	915	4.5%	1,430	6.0%	-36.0%	12,614	5.2%	8,774	4.0%	43.8%
Nissan	465	2.3%	1,658	7.0%	-72.0%	10,302	4.3%	17,619	8.0%	-41.5%
Mazda	363	1.8%	1,966	8.3%	-81.5%	17,287	7.2%	18,603	8.5%	-7.1%
GWM	283	1.4%	166	0.7%	70.5%	3,745	1.6%	166	0.1%	2156.0%
Porsche	89	0.4%	60	0.3%	48.3%	892	0.4%	1,274	0.6%	-30.0%
KIA	78	0.4%	99	0.4%	-21.2%	1,191	0.5%	1,298	0.6%	-8.2%
Subaru	8	0.0%	5	0.0%	60.0%	21	0.0%	19	0.0%	10.5%
Ford	2	0.0%	8	0.0%	-75.0%	40	0.0%	53	0.0%	-24.5%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,742	13.5%	8	0.0%	34175.0%	30,025	12.5%	16,214	7.4%	85.2%
Total	20,263	100.0%	23,793	100.0%	-14.8%	240,371	100.0%	219,883	100.0%	9.3%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Nov.	Share	Nov.	Share	Y-o-Y	Jan.-Nov.	Share	Jan.-Nov.	Share	Y-o-Y
Isuzu	16,561	34.5%	18,419	38.4%	-10.1%	194,275	36.9%	165,359	36.9%	17.5%
Toyota *	16,149	33.6%	16,864	35.2%	-4.2%	184,815	35.1%	157,517	35.1%	17.3%
Ford	4,805	10.0%	2,859	6.0%	68.1%	38,039	7.2%	28,212	6.3%	34.8%
Honda	2,890	6.0%	562	1.2%	414.2%	18,639	3.5%	9,013	2.0%	106.8%
Mitsubishi	1,980	4.1%	2,619	5.5%	-24.4%	26,848	5.1%	25,453	5.7%	5.5%
Hino	1,289	2.7%	1,388	2.9%	-7.1%	12,703	2.4%	12,382	2.8%	2.6%
Nissan	1,139	2.4%	916	1.9%	24.3%	10,055	1.9%	8,485	1.9%	18.5%
MG	1,015	2.1%	1,593	3.3%	-36.3%	11,922	2.3%	18,466	4.1%	-35.4%
Mazda	796	1.7%	1,342	2.8%	-40.7%	12,772	2.4%	13,031	2.9%	-2.0%
GWM	618	1.3%	401	0.8%	54.1%	6,261	1.2%	2,070	0.5%	202.5%
Hyundai	294	0.6%	435	0.9%	-32.4%	3,880	0.7%	2,427	0.5%	59.9%
Suzuki	245	0.5%	231	0.5%	6.1%	3,166	0.6%	2,526	0.6%	25.3%
Subaru	187	0.4%	225	0.5%	-16.9%	1,944	0.4%	2,563	0.6%	-24.2%
Peugeot	32	0.1%	36	0.1%	-11.1%	542	0.1%	343	0.1%	58.0%
KIA	0	0.0%	0	0.0%	-%	8	0.0%	35	0.0%	-77.1%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	72	0.0%	-100.0%
Others	21	0.0%	32	0.1%	-34.4%	349	0.1%	272	0.1%	28.3%
Total	48,021	100.0%	47,923	100.0%	0.2%	526,218	100.0%	448,226	100.0%	17.4%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Nov.	Share	Nov.	Share	Y-o-Y	Jan.-Nov.	Share	Jan.-Nov.	Share	Y-o-Y
Isuzu	15,382	42.4%	16,956	44.0%	-9.3%	179,307	43.6%	150,272	42.9%	19.3%
Toyota	13,635	37.6%	14,888	38.6%	-8.4%	157,703	38.3%	134,768	38.4%	17.0%
Ford	4,805	13.2%	2,859	7.4%	68.1%	38,039	9.2%	28,212	8.0%	34.8%
Mitsubishi	1,971	5.4%	2,611	6.8%	-24.5%	26,618	6.5%	25,033	7.1%	6.3%
Nissan	275	0.8%	790	2.0%	-65.2%	6,087	1.5%	7,022	2.0%	-13.3%
Mazda	136	0.4%	118	0.3%	15.3%	1,379	0.3%	1,152	0.3%	19.7%
MG	82	0.2%	327	0.8%	-74.9%	2,420	0.6%	4,208	1.2%	-42.5%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	24	0.0%	-100.0%
Total	36,286	100.0%	38,550	100.0%	-5.9%	411,553	100.0%	350,691	100.0%	17.4%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Nov.	Share	Nov.	Share	Y-o-Y	Jan.-Nov.	Share	Jan.-Nov.	Share	Y-o-Y
Honda	2,890	36.6%	562	10.6%	414.2%	18,639	25.5%	9,013	15.1%	106.8%
Toyota	1,668	21.1%	1,486	27.9%	12.2%	20,390	27.9%	17,866	30.0%	14.1%
MG	933	11.8%	1,266	23.8%	-26.3%	9,451	13.0%	14,256	23.9%	-33.7%
Nissan	855	10.8%	112	2.1%	663.4%	3,824	5.2%	1,177	2.0%	224.9%
Mazda	660	8.4%	1,224	23.0%	-46.1%	11,393	15.6%	11,879	19.9%	-4.1%
GWM	618	7.8%	401	7.5%	54.1%	6,261	8.6%	2,070	3.5%	202.5%
Subaru	187	2.4%	225	4.2%	-16.9%	1,944	2.7%	2,563	4.3%	-24.2%
Hyundai	45	0.6%	0	0.0%	-%	277	0.4%	3	0.0%	9,133.3%
Peugeot	32	0.4%	36	0.7%	-11.1%	512	0.7%	330	0.6%	55.2%
Mitsubishi	9	0.1%	8	0.2%	12.5%	230	0.3%	411	0.7%	-44.0%
SsangYong	2	0.0%	0	0.0%	-%	7	0.0%	3	0.0%	133.3%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	7,899	100.0%	5,320	100.0%	48.5%	72,958	100.0%	59,629	100.0%	22.4%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Nov. 2022	Nov. 2021	Y-o-Y	Jan.-Nov. 2022	Jan.-Nov. 2021	Y-o-Y
1	Isuzu	D-Max	13,378	11,785	13.5%	171,506	139,232	23.2%
2	Toyota	Hilux	10,227	10,470	-2.3%	137,818	122,669	12.3%
3	Honda	City	3,472	3,425	1.4%	43,859	39,634	10.7%
4	Toyota	Yaris ATIV	3,097	1,507	105.5%	23,861	18,621	28.1%
5	Ford	Ford Ranger	2,676	2,125	25.9%	27,259	25,123	8.5%
6	Toyota	Fortuner	2,185	1,613	35.5%	25,557	21,094	21.2%
7	Toyota	Corolla Cross	1,730	1,233	40.3%	20,232	17,747	14.0%
8	Isuzu	MU-X	1,655	906	82.7%	17,949	14,647	22.5%
9	Toyota	Yaris	1,587	1,963	-19.2%	27,262	23,999	13.6%
10	Mitsubishi	Triton (L200)	1,534	1,895	-19.1%	21,882	20,975	4.3%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, Oct 2022

Nov 29, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

October vehicle sales in Thailand up 0.2%, production up 10.8% (detailed report)
According to the Federation of Thai Industries (FTI), October vehicle sales in Thailand increased 0.2% year over year (YoY) to 64,618 units from the same period in 2021, in accordance with the recovery of local economy thanks to the reopening of the country to more international tourism, which also allows more investors from overseas countries to enter Thailand, and hence creating new job opportunities locally. Other positive factors include the support measures from the government to stir up economic activities and boost consumer spending, such as the crop insurance scheme, 50:50 co-payment scheme, We Travel Together program, etc., as well as the launch of new car models. Vehicle sales in the first 10 months of 2022 reached 698,305 units, up 17.1% YoY.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in October, Toyota was up 11.4% to 25,439 units. Isuzu was down 8.6% to 14,087 units and Honda was down 17.7 to 5,909 units. Ford sales were up 78.7% to 5,046 units and Mitsubishi sales were down 17.0% to 3,402 units.
By body type, passenger cars were down 2.4% year over year to 19,468 units. Commercial vehicle sales were up 1.4% to 45,150 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 0.3% to 35,447 units.
The Isuzu D-Max was the best-selling model (registration base) in October with 12,313 units, followed by Toyota Hilux with 9,565 units, Honda City with 3,526 units, Toyota Yaris ATIV with 2,602 units and Ford Ranger with 2,197 units.
The FTI announced that new vehicle production in October reached 170,717 units, up 10.8% YoY. In the month of October alone, car production for domestic sales contributed 43%, while production for exports contributed 57%. In January-October 2022, vehicle production increased 12.4% to 1,534,754 units.
Vehicle exports in the month of October increased 15.5% YoY to 94,228 units. FTI pointed that more auto parts, especially semiconductors, have become available (in some passenger car and PPV car models). Car exports to Australian, Middle Eastern, and African markets also improved. The vehicle export value in October was THB 61.8 billion, up 29.3% year over year. In the first 10 months of 2022, vehicle exports from Thailand increased 5.5% YoY to 800,672 units.
FTI estimated that its 2022 car production target of 1.75 million units will be achieved.

Thailand - Production and Retail Sales of new vehicles

	Oct. 2022	Growth Y-o-Y (%)	Jan.-Oct. 2022	Growth YTD (%)
Production	170,717	10.8%	1,534,754	12.4%
Domestic Sales	64,618	0.2%	698,305	17.1%
Export (CBU)	94,228	15.5%	800,672	5.5%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Oct.	Share	Oct.	Share	Y-o-Y	Jan.-Oct.	Share	Jan.-Oct.	Share	Y-o-Y
Toyota *	25,439	39.4%	22,845	35.4%	11.4%	234,058	33.5%	189,405	31.8%	23.6%
Isuzu	14,087	21.8%	15,411	23.9%	-8.6%	177,714	25.4%	146,940	24.6%	20.9%
Honda	5,909	9.1%	7,183	11.1%	-17.7%	67,190	9.6%	68,512	11.5%	-1.9%
Ford	5,046	7.8%	2,824	4.4%	78.7%	33,272	4.8%	25,398	4.3%	31.0%
Mitsubishi	3,402	5.3%	4,100	6.4%	-17.0%	42,712	6.1%	37,021	6.2%	15.4%
MG	1,886	2.9%	2,938	4.6%	-35.8%	22,606	3.2%	24,217	4.1%	-6.7%
Suzuki	1,675	2.6%	2,022	3.1%	-17.2%	17,180	2.5%	16,763	2.8%	2.5%
Nissan	1,272	2.0%	2,083	3.2%	-38.9%	18,753	2.7%	23,530	3.9%	-20.3%
GWM	1,011	1.6%	536	0.8%	88.6%	9,105	1.3%	1,669	0.3%	445.5%
Mazda	905	1.4%	2,513	3.9%	-64.0%	28,900	4.1%	28,326	4.7%	2.0%
Others	3,986	6.2%	2,007	3.1%	98.6%	46,815	6.7%	34,612	5.8%	35.3%
Total	64,618	100.0%	64,462	100.0%	0.2%	698,305	100.0%	596,393	100.0%	17.1%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Oct.	Share	Oct.	Share	Y-o-Y	Jan.-Oct.	Share	Jan.-Oct.	Share	Y-o-Y
Toyota *	6,615	34.0%	5,651	28.3%	17.1%	65,392	29.7%	48,752	24.9%	34.1%
Honda	5,454	28.0%	6,655	33.4%	-18.0%	51,441	23.4%	60,061	30.6%	-14.4%
Mitsubishi	1,489	7.6%	1,573	7.9%	-5.3%	17,844	8.1%	14,187	7.2%	25.8%
Suzuki	1,366	7.0%	1,780	8.9%	-23.3%	14,259	6.5%	14,468	7.4%	-1.4%
MG	740	3.8%	1,274	6.4%	-41.9%	11,699	5.3%	7,344	3.7%	59.3%
GWM	497	2.6%	0	0.0%	-%	3,462	1.6%	0	0.0%	-%
Nissan	472	2.4%	1,330	6.7%	-64.5%	9,837	4.5%	15,961	8.1%	-38.4%
Mazda	292	1.5%	1,481	7.4%	-80.3%	16,924	7.7%	16,637	8.5%	1.7%
KIA	55	0.3%	122	0.6%	-54.9%	1,113	0.5%	1,199	0.6%	-7.2%
Porsche	52	0.3%	73	0.4%	-28.8%	803	0.4%	1,214	0.6%	-33.9%
Ford	3	0.0%	1	0.0%	200.0%	38	0.0%	45	0.0%	-15.6%
Subaru	0	0.0%	0	0.0%	-%	13	0.0%	14	0.0%	-7.1%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,433	12.5%	10	0.1%	24,230.0%	27,283	12.4%	16,206	8.3%	68.4%
Total	19,468	100.0%	19,950	100.0%	-2.4%	220,108	100.0%	196,090	100.0%	12.2%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Oct.	Share	Oct.	Share	Y-o-Y	Jan.-Oct.	Share	Jan.-Oct.	Share	Y-o-Y
Toyota *	18,824	41.7%	17,194	38.6%	9.5%	168,666	35.3%	140,653	35.1%	19.9%
Isuzu	14,087	31.2%	15,411	34.6%	-8.6%	177,714	37.2%	146,940	36.7%	20.9%
Ford	5,043	11.2%	2,823	6.3%	78.6%	33,234	6.9%	25,353	6.3%	31.1%
Mitsubishi	1,913	4.2%	2,527	5.7%	-24.3%	24,868	5.2%	22,834	5.7%	8.9%
MG	1,146	2.5%	1,664	3.7%	-31.1%	10,907	2.3%	16,873	4.2%	-35.4%
Hino	905	2.0%	1,191	2.7%	-24.0%	11,414	2.4%	10,994	2.7%	3.8%
Nissan	800	1.8%	753	1.7%	6.2%	8,916	1.9%	7,569	1.9%	17.8%
Mazda	613	1.4%	1,032	2.3%	-40.6%	11,976	2.5%	11,689	2.9%	2.5%
GWM	514	1.1%	536	1.2%	-4.1%	5,643	1.2%	1,669	0.4%	238.1%
Honda	455	1.0%	528	1.2%	-13.8%	15,749	3.3%	8,451	2.1%	86.4%
Hyundai	329	0.7%	269	0.6%	22.3%	3,586	0.7%	1,992	0.5%	80.0%
Suzuki	309	0.7%	242	0.5%	27.7%	2,921	0.6%	2,295	0.6%	27.3%
Subaru	144	0.3%	262	0.6%	-45.0%	1,757	0.4%	2,338	0.6%	-24.9%
Peugeot	45	0.1%	33	0.1%	36.4%	510	0.1%	307	0.1%	66.1%
KIA	0	0.0%	4	0.0%	-100.0%	8	0.0%	35	0.0%	-77.1%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	71	0.0%	-100.0%
Others	23	0.1%	43	0.1%	-46.5%	328	0.1%	240	0.1%	36.7%
Total	45,150	100.0%	44,512	100.0%	1.4%	478,197	100.0%	400,303	100.0%	19.5%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Oct.	Share	Oct.	Share	Y-o-Y	Jan.-Oct.	Share	Jan.-Oct.	Share	Y-o-Y
Toyota	15,020	42.4%	14,918	42.2%	0.7%	144,068	38.4%	119,880	38.4%	20.2%
Isuzu	12,795	36.1%	14,002	39.6%	-8.6%	163,925	43.7%	133,316	42.7%	23.0%
Ford	5,043	14.2%	2,823	8.0%	78.6%	33,234	8.9%	25,353	8.1%	31.1%
Mitsubishi	1,898	5.4%	2,508	7.1%	-24.3%	24,647	6.6%	22,422	7.2%	9.9%
Nissan	409	1.2%	679	1.9%	-39.8%	5,812	1.5%	6,232	2.0%	-6.7%
MG	142	0.4%	350	1.0%	-59.4%	2,338	0.6%	3,881	1.2%	-39.8%
Mazda	140	0.4%	72	0.2%	94.4%	1,243	0.3%	1,034	0.3%	20.2%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	23	0.0%	-100.0%
Total	35,447	100.0%	35,352	100.0%	0.3%	375,267	100.0%	312,141	100.0%	20.2%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Oct.	Share	Oct.	Share	Y-o-Y	Jan.-Oct.	Share	Jan.-Oct.	Share	Y-o-Y
Toyota	1,625	34.6%	1,887	33.7%	-13.9%	18,722	28.8%	16,380	30.2%	14.3%
MG	1,004	21.4%	1,314	23.5%	-23.6%	8,518	13.1%	12,990	23.9%	-34.4%
GWM	514	10.9%	536	9.6%	-4.1%	5,643	8.7%	1,669	3.1%	238.1%
Mazda	473	10.1%	960	17.1%	-50.7%	10,733	16.5%	10,655	19.6%	0.7%
Honda	455	9.7%	528	9.4%	-13.8%	15,749	24.2%	8,451	15.6%	86.4%
Nissan	380	8.1%	60	1.1%	533.3%	2,969	4.6%	1,065	2.0%	178.8%
Subaru	144	3.1%	262	4.7%	-45.0%	1,757	2.7%	2,338	4.3%	-24.9%
Peugeot	45	1.0%	33	0.6%	36.4%	480	0.7%	294	0.5%	63.3%
Hyundai	40	0.9%	0	0.0%	-%	232	0.4%	3	0.0%	7,633.3%
Mitsubishi	15	0.3%	19	0.3%	-21.1%	221	0.3%	403	0.7%	-45.2%
SsangYong	0	0.0%	0	0.0%	-%	5	0.0%	3	0.0%	66.7%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	4,695	100.0%	5,599	100.0%	-16.1%	65,059	100.0%	54,309	100.0%	19.8%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Oct. 2022	Oct. 2021	Y-o-Y	Jan.-Oct. 2022	Jan.-Oct. 2021	Y-o-Y
1	Isuzu	D-Max	12,313	9,430	30.6%	158,128	127,447	24.1%
2	Toyota	Hilux	9,565	8,858	8.0%	127,591	112,199	13.7%
3	Honda	City	3,526	2,839	24.2%	40,387	36,209	11.5%
4	Toyota	Yaris ATIV	2,602	1,298	100.5%	20,764	17,114	21.3%
5	Ford	Ford Ranger	2,197	1,782	23.3%	24,583	22,998	6.9%
6	Toyota	Fortuner	2,131	1,100	93.7%	23,372	19,481	20.0%
7	Toyota	Corolla Cross	1,640	1,058	55.0%	18,502	16,514	12.0%
8	Isuzu	MU-X	1,619	674	140.2%	16,294	13,741	18.6%
9	Mitsubishi	Triton (L200)	1,597	1,536	4.0%	20,348	19,080	6.6%
10	Toyota	Yaris	1,423	1,599	-11.0%	25,675	22,036	16.5%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, Sep 2022

Oct 26, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

September vehicle sales in Thailand up 15.6%, production up 28.0% (detailed report)
According to the Federation of Thai Industries (FTI), September vehicle sales in Thailand increased 15.6% year over year (YoY) to 74,150 units from the same period in 2021, thanks to the new car models introduced locally, further lockdown easements were announced, the reopening of the country to more international tourism and more investors from overseas countries, as well as other support measures from the government to encourage more economic activities and consumer spending. Vehicle sales in the first 9 months of 2022 reached 633,687 units, up 19.1% YoY.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in September, Toyota was up 14.9% to 22,954 units. Isuzu was up 58.2% to 21,598 units and Honda was up 7.6% to 6,793 units. Ford sales were up 137.8% to 5,010 units and Mitsubishi sales were up 10.5% to 3,872 units.
By body type, passenger cars were down 8.6% year over year to 23,074 units. Commercial vehicle sales were up 31.4% to 51,076 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 37.2% to 41,396 units.
The Isuzu D-Max was the best-selling model (registration base) in September with 19,077 units, followed by Toyota Hilux with 14,528 units, Honda City with 3,767 units, Toyota Yaris ATIV with 2,725 units and Ford Ranger with 2,413 units.
The FTI announced that new vehicle production in September reached 179,237 units, the highest production figure in 9 months, jumped 28.0% YoY. In the month of September alone, car production for domestic sales contributed 41%, while production for exports contributed 59%. In January-September 2022, vehicle production up 12.5% to 1,364,037 units.
Vehicle exports in the month of September increased 36.0% YoY to 100,389 units as more auto parts of some car models became available. Car exports to most markets increased, except for European market. The vehicle export value in September was THB 67.5 billion, up 50.8% year over year. In the first 9 months of 2022, vehicle exports from Thailand increased 4.3% YoY to 706,444 units.

Thailand - Production and Retail Sales of new vehicles

	Sep. 2022	Growth Y-o-Y (%)	Jan.-Sep. 2022	Growth YTD (%)
Production	179,237	28.0%	1,364,037	12.5%
Domestic Sales	74,150	15.6%	633,687	19.1%
Export (CBU)	100,389	36.0%	706,444	4.3%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Sep.	Share	Sep.	Share	Y-o-Y	Jan.-Sep.	Share	Jan.-Sep.	Share	Y-o-Y
Toyota *	22,954	31.0%	19,971	31.1%	14.9%	208,619	32.9%	166,560	31.3%	25.3%
Isuzu	21,598	29.1%	13,649	21.3%	58.2%	163,627	25.8%	131,529	24.7%	24.4%
Honda	6,793	9.2%	6,311	9.8%	7.6%	61,281	9.7%	61,329	11.5%	-0.1%
Ford	5,010	6.8%	2,107	3.3%	137.8%	28,226	4.5%	22,574	4.2%	25.0%
Mitsubishi	3,872	5.2%	3,504	5.5%	10.5%	39,310	6.2%	32,921	6.2%	19.4%
Mazda	2,752	3.7%	2,980	4.6%	-7.7%	27,995	4.4%	25,813	4.9%	8.5%
MG	2,211	3.0%	2,443	3.8%	-9.5%	20,720	3.3%	21,279	4.0%	-2.6%
Suzuki	1,780	2.4%	1,485	2.3%	19.9%	15,505	2.4%	14,741	2.8%	5.2%
Nissan	1,605	2.2%	2,146	3.3%	-25.2%	17,481	2.8%	21,447	4.0%	-18.5%
Hino	1,111	1.5%	1,227	1.9%	-9.5%	10,509	1.7%	9,803	1.8%	7.2%
Others	4,464	6.0%	8,299	12.9%	-46.2%	40,414	6.4%	23,935	4.5%	68.8%
Total	74,150	100.0%	64,122	100.0%	15.6%	633,687	100.0%	531,931	100.0%	19.1%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Sep.	Share	Sep.	Share	Y-o-Y	Jan.-Sep.	Share	Jan.-Sep.	Share	Y-o-Y
Toyota *	7,382	32.0%	5,237	20.7%	41.0%	58,777	29.3%	43,101	24.5%	36.4%
Honda	5,961	25.8%	5,849	23.2%	1.9%	45,987	22.9%	53,406	30.3%	-13.9%
Mitsubishi	1,793	7.8%	1,416	5.6%	26.6%	16,355	8.1%	12,614	7.2%	29.7%
Suzuki	1,426	6.2%	1,245	4.9%	14.5%	12,893	6.4%	12,688	7.2%	1.6%
MG	1,297	5.6%	1,020	4.0%	27.2%	11,010	5.5%	6,070	3.4%	81.4%
Mazda	1,263	5.5%	1,921	7.6%	-34.3%	16,632	8.3%	15,156	8.6%	9.7%
Nissan	563	2.4%	1,140	4.5%	-50.6%	9,365	4.7%	14,631	8.3%	-36.0%
GWM	450	2.0%	0	0.0%	-%	2,965	1.5%	0	0.0%	-%
Porsche	102	0.4%	142	0.6%	-28.2%	751	0.4%	1,141	0.6%	-34.2%
KIA	49	0.2%	19	0.1%	157.9%	1,058	0.5%	1,077	0.6%	-1.8%
Ford	3	0.0%	6	0.0%	-50.0%	35	0.0%	44	0.0%	-20.5%
Subaru	0	0.0%	2	0.0%	-100.0%	13	0.0%	14	0.0%	-7.1%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,785	12.1%	7,258	28.7%	-61.6%	24,850	12.4%	16,196	9.2%	53.4%
Total	23,074	100.0%	25,255	100.0%	-8.6%	200,691	100.0%	176,140	100.0%	13.9%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Sep.	Share	Sep.	Share	Y-o-Y	Jan.-Sep.	Share	Jan.-Sep.	Share	Y-o-Y
Isuzu	21,598	42.3%	13,649	35.1%	58.2%	163,627	37.8%	131,529	37.0%	24.4%
Toyota *	15,572	30.5%	14,734	37.9%	5.7%	149,842	34.6%	123,459	34.7%	21.4%
Ford	5,007	9.8%	2,101	5.4%	138.3%	28,191	6.5%	22,530	6.3%	25.1%
Mitsubishi	2,079	4.1%	2,088	5.4%	-0.4%	22,955	5.3%	20,307	5.7%	13.0%
Mazda	1,489	2.9%	1,059	2.7%	40.6%	11,363	2.6%	10,657	3.0%	6.6%
Hino	1,111	2.2%	1,227	3.2%	-9.5%	10,509	2.4%	9,803	2.8%	7.2%
Nissan	1,042	2.0%	1,006	2.6%	3.6%	8,116	1.9%	6,816	1.9%	19.1%
MG	914	1.8%	1,423	3.7%	-35.8%	9,710	2.2%	15,209	4.3%	-36.2%
Honda	832	1.6%	462	1.2%	80.1%	15,294	3.5%	7,923	2.2%	93.0%
GWM	465	0.9%	405	1.0%	14.8%	5,129	1.2%	1,133	0.3%	352.7%
Suzuki	354	0.7%	240	0.6%	47.5%	2,612	0.6%	2,053	0.6%	27.2%
Hyundai	344	0.7%	230	0.6%	49.6%	3,257	0.8%	1,723	0.5%	89.0%
Subaru	193	0.4%	187	0.5%	3.2%	1,613	0.4%	2,076	0.6%	-22.3%
Peugeot	38	0.1%	26	0.1%	46.2%	465	0.1%	274	0.1%	69.7%
KIA	0	0.0%	4	0.0%	-100.0%	8	0.0%	31	0.0%	-74.2%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	71	0.0%	-100.0%
Others	38	0.1%	25	0.1%	52.0%	305	0.1%	197	0.1%	54.8%
Total	51,076	100.0%	38,867	100.0%	31.4%	432,996	100.0%	355,791	100.0%	21.7%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Sep.	Share	Sep.	Share	Y-o-Y	Jan.-Sep.	Share	Jan.-Sep.	Share	Y-o-Y
Isuzu	20,226	48.9%	12,254	40.6%	65.1%	151,130	44.5%	119,314	43.1%	26.7%
Toyota	13,234	32.0%	12,504	41.5%	5.8%	129,048	38.0%	104,962	37.9%	22.9%
Ford	5,007	12.1%	2,101	7.0%	138.3%	28,191	8.3%	22,530	8.1%	25.1%
Mitsubishi	2,045	4.9%	2,079	6.9%	-1.6%	22,749	6.7%	19,914	7.2%	14.2%
Nissan	437	1.1%	774	2.6%	-43.5%	5,403	1.6%	5,553	2.0%	-2.7%
Mazda	269	0.6%	144	0.5%	86.8%	1,103	0.3%	962	0.3%	14.7%
MG	178	0.4%	308	1.0%	-42.2%	2,196	0.6%	3,531	1.3%	-37.8%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	23	0.0%	-100.0%
Total	41,396	100.0%	30,164	100.0%	37.2%	339,820	100.0%	276,789	100.0%	22.8%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Sep.	Share	Sep.	Share	Y-o-Y	Jan.-Sep.	Share	Jan.-Sep.	Share	Y-o-Y
Toyota	2,015	32.7%	1,858	35.8%	8.4%	17,097	28.3%	14,493	29.8%	18.0%
Mazda	1,220	19.8%	915	17.6%	33.3%	10,260	17.0%	9,695	19.9%	5.8%
Honda	832	13.5%	462	8.9%	80.1%	15,294	25.3%	7,923	16.3%	93.0%
MG	736	12.0%	1,115	21.5%	-34.0%	7,514	12.4%	11,676	24.0%	-35.6%
Nissan	594	9.6%	217	4.2%	173.7%	2,589	4.3%	1,005	2.1%	157.6%
GWM	465	7.6%	405	7.8%	14.8%	5,129	8.5%	1,133	2.3%	352.7%
Subaru	193	3.1%	187	3.6%	3.2%	1,613	2.7%	2,076	4.3%	-22.3%
Peugeot	38	0.6%	26	0.5%	46.2%	435	0.7%	261	0.5%	66.7%
Mitsubishi	34	0.6%	0	0.0%	-%	206	0.3%	384	0.8%	-46.4%
Hyundai	31	0.5%	0	0.0%	-%	192	0.3%	3	0.0%	6300.0%
SsangYong	0	0.0%	0	0.0%	-%	5	0.0%	3	0.0%	66.7%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	6,158	100.0%	5,185	100.0%	18.8%	60,364	100.0%	48,710	100.0%	23.9%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Sep. 2022	Sep. 2021	Y-o-Y	Jan.-Sep. 2022	Jan.-Sep. 2021	Y-o-Y
1	Isuzu	D-Max	19,077	11,020	73.1%	145,815	118,017	23.6%
2	Toyota	Hilux	14,528	8,847	64.2%	118,026	103,341	14.2%
3	Honda	City	3,767	3,910	-3.7%	36,861	33,370	10.5%
4	Toyota	Yaris ATIV	2,725	1,409	93.4%	18,162	15,816	14.8%
5	Ford	Ford Ranger	2,413	2,016	19.7%	22,386	21,216	5.5%
6	Toyota	Yaris	2,290	1,735	32.0%	24,252	20,437	18.7%
7	Toyota	Corolla Cross	2,167	1,159	87.0%	16,862	15,456	9.1%
8	Toyota	Fortuner	2,099	1,412	48.7%	21,241	18,381	15.6%
9	Toyota	Commuter	1,964	391	402.3%	5,514	4,493	22.7%
10	Mazda	Demio (Mazda 2)	1,918	1,380	39.0%	15,440	15,553	-0.7%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, Aug 2022

Sep 26, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

August vehicle sales in Thailand up 61.7%, production up 64.9% (detailed report)
According to the Federation of Thai Industries (FTI), August vehicle sales in Thailand increased 61.7% year over year (YoY) to 68,208 units from the low base level in the same period in 2021 when the country went under the COVID-19 lockdowns until the end of August. Sales in August 2022 increased due to further lockdown easements were announced and thanks to the reopening of the country to more international tourism and more investors from overseas countries, as well as other support measures from the government to encourage more economic activities and consumer spending. Vehicle sales in the first 8 months of 2022 reached 559,537 units, an increase of 19.6% YoY.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in August, Toyota was up 88.9% to 23,356 units. Isuzu was up 43.7% to 15,858 units and Honda was up 32.3% to 7,071 units. Ford sales were up 132.3% to 4,676 units and Mitsubishi sales were up 49.5% to 4,013 units.
By body type, passenger cars were up 62.7% year over year to 22,530 units. Commercial vehicle sales were up 61.2% to 45,678 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 67.0% to 36,528 units.
The Isuzu D-Max was the best-selling model (registration base) in August with 17,001 units, followed by Toyota Hilux with 13,182 units, Honda City with 2,761 units, Toyota Yaris with 2,538 units and Ford Ranger with 2,465 units.
The FTI announced that new vehicle production in August reached 171,731 units, up 64.9% from August 2021. In the month of August alone, car production of domestic sales contributed 51.4%, while production for exports contributed 48.6%. Vehicle production in the first 8 months of 2022 increased 10.5% YoY to 1,184,800 units.
Vehicle exports in the month of August increased 23.1% YoY to 73,325 units. Car exports to most markets increased except for European and North American markets. The vehicle export value in August was THB 49.4 billion, up 38.1% year over year. In the first 8 months of 2022, vehicle exports from Thailand increased 0.4% YoY to 606,055 units.

Thailand - Production and Retail Sales of new vehicles

	Aug. 2022	Growth Y-o-Y (%)	Jan.-Aug. 2022	Growth YTD (%)
Production	171,731	64.9%	1,184,800	10.5%
Domestic Sales	68,208	61.7%	559,537	19.6%
Export (CBU)	73,325	23.1%	606,055	0.4%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Aug.	Share	Aug.	Share	Y-o-Y	Jan.-Aug.	Share	Jan.-Aug.	Share	Y-o-Y
Toyota *	23,356	34.2%	12,364	29.3%	88.9%	185,665	33.2%	146,589	31.3%	26.7%
Isuzu	15,858	23.2%	11,035	26.2%	43.7%	142,029	25.4%	117,880	25.2%	20.5%
Honda	7,071	10.4%	5,345	12.7%	32.3%	54,488	9.7%	55,018	11.8%	-1.0%
Ford	4,676	6.9%	2,013	4.8%	132.3%	23,216	4.1%	20,467	4.4%	13.4%
Mitsubishi	4,013	5.9%	2,684	6.4%	49.5%	35,438	6.3%	29,417	6.3%	20.5%
Mazda	2,718	4.0%	1,813	4.3%	49.9%	25,243	4.5%	22,833	4.9%	10.6%
Nissan	1,769	2.6%	1,523	3.6%	16.2%	15,876	2.8%	19,301	4.1%	-17.7%
MG	1,735	2.5%	2,187	5.2%	-20.7%	18,509	3.3%	18,836	4.0%	-1.7%
Hino	1,223	1.8%	1,048	2.5%	16.7%	9,398	1.7%	8,576	1.8%	9.6%
Suzuki	1,222	1.8%	1,209	2.9%	1.1%	13,725	2.5%	13,256	2.8%	3.5%
Others	4,567	6.7%	955	2.3%	378.2%	35,950	6.4%	15,636	3.3%	129.9%
Total	68,208	100.0%	42,176	100.0%	61.7%	559,537	100.0%	467,809	100.0%	19.6%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Aug.	Share	Aug.	Share	Y-o-Y	Jan.-Aug.	Share	Jan.-Aug.	Share	Y-o-Y
Toyota *	7,405	32.9%	3,694	26.7%	100.5%	51,395	28.9%	37,864	25.1%	35.7%
Honda	5,817	25.8%	4,906	35.4%	18.6%	40,026	22.5%	47,557	31.5%	-15.8%
Mitsubishi	1,592	7.1%	1,031	7.4%	54.4%	14,562	8.2%	11,198	7.4%	30.0%
Mazda	1,526	6.8%	1,061	7.7%	43.8%	15,369	8.7%	13,235	8.8%	16.1%
Suzuki	944	4.2%	973	7.0%	-3.0%	11,467	6.5%	11,443	7.6%	0.2%
Nissan	879	3.9%	945	6.8%	-7.0%	8,802	5.0%	13,491	8.9%	-34.8%
MG	872	3.9%	1,025	7.4%	-14.9%	9,713	5.5%	5,050	3.3%	92.3%
GWM	417	1.9%	0	0.0%	-%	2,515	1.4%	0	0.0%	-%
Porsche	82	0.4%	109	0.8%	-24.8%	649	0.4%	999	0.7%	-35.0%
KIA	59	0.3%	95	0.7%	-37.9%	1,009	0.6%	1,058	0.7%	-4.6%
Ford	2	0.0%	1	0.0%	100.0%	32	0.0%	38	0.0%	-15.8%
Subaru	0	0.0%	0	0.0%	-%	13	0.0%	12	0.0%	8.3%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,935	13.0%	5	0.0%	58600.0%	22,065	12.4%	8,938	5.9%	146.9%
Total	22,530	100.0%	13,845	100.0%	62.7%	177,617	100.0%	150,885	100.0%	17.7%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Aug.	Share	Aug.	Share	Y-o-Y	Jan.-Aug.	Share	Jan.-Aug.	Share	Y-o-Y
Toyota *	15,951	34.9%	8,670	30.6%	84.0%	134,270	35.2%	108,725	34.3%	23.5%
Isuzu	15,858	34.7%	11,035	39.0%	43.7%	142,029	37.2%	117,880	37.2%	20.5%
Ford	4,674	10.2%	2,012	7.1%	132.3%	23,184	6.1%	20,429	6.4%	13.5%
Mitsubishi	2,421	5.3%	1,653	5.8%	46.5%	20,876	5.5%	18,219	5.7%	14.6%
Honda	1,254	2.7%	439	1.5%	185.6%	14,462	3.8%	7,461	2.4%	93.8%
Hino	1,223	2.7%	1,048	3.7%	16.7%	9,398	2.5%	8,576	2.7%	9.6%
Mazda	1,192	2.6%	752	2.7%	58.5%	9,874	2.6%	9,598	3.0%	2.9%
Nissan	890	1.9%	578	2.0%	54.0%	7,074	1.9%	5,810	1.8%	21.8%
MG	863	1.9%	1,162	4.1%	-25.7%	8,796	2.3%	13,786	4.3%	-36.2%
Hyundai	404	0.9%	127	0.4%	218.1%	2,913	0.8%	1,493	0.5%	95.1%
GWM	393	0.9%	408	1.4%	-3.7%	4,664	1.2%	728	0.2%	540.7%
Suzuki	278	0.6%	236	0.8%	17.8%	2,258	0.6%	1,813	0.6%	24.5%
Subaru	189	0.4%	164	0.6%	15.2%	1,420	0.4%	1,889	0.6%	-24.8%
Peugeot	48	0.1%	25	0.1%	92.0%	427	0.1%	248	0.1%	72.2%
KIA	0	0.0%	3	0.0%	-100.0%	8	0.0%	27	0.0%	-70.4%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	70	0.0%	-100.0%
Others	40	0.1%	18	0.1%	122.2%	267	0.1%	172	0.1%	55.2%
Total	45,678	100.0%	28,331	100.0%	61.2%	381,920	100.0%	316,924	100.0%	20.5%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Aug.	Share	Aug.	Share	Y-o-Y	Jan.-Aug.	Share	Jan.-Aug.	Share	Y-o-Y
Isuzu	14,633	40.1%	9,638	44.1%	51.8%	130,904	43.9%	107,060	43.4%	22.3%
Toyota	13,923	38.1%	7,754	35.4%	79.6%	115,814	38.8%	92,458	37.5%	25.3%
Ford	4,674	12.8%	2,012	9.2%	132.3%	23,184	7.8%	20,429	8.3%	13.5%
Mitsubishi	2,398	6.6%	1,632	7.5%	46.9%	20,704	6.9%	17,835	7.2%	16.1%
Nissan	472	1.3%	493	2.3%	-4.3%	4,966	1.7%	4,779	1.9%	3.9%
Mazda	227	0.6%	70	0.3%	224.3%	834	0.3%	818	0.3%	2.0%
MG	201	0.6%	275	1.3%	-26.9%	2,018	0.7%	3,223	1.3%	-37.4%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	23	0.0%	-100.0%
Total	36,528	100.0%	21,875	100.0%	67.0%	298,424	100.0%	246,625	100.0%	21.0%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Aug.	Share	Aug.	Share	Y-o-Y	Jan.-Aug.	Share	Jan.-Aug.	Share	Y-o-Y
Toyota	1,787	31.0%	546	16.9%	227.3%	15,082	27.8%	12,635	29.0%	19.4%
Honda	1,254	21.8%	439	13.6%	185.6%	14,462	26.7%	7,461	17.1%	93.8%
Mazda	965	16.7%	682	21.1%	41.5%	9,040	16.7%	8,780	20.2%	3.0%
MG	662	11.5%	887	27.4%	-25.4%	6,778	12.5%	10,561	24.3%	-35.8%
Nissan	414	7.2%	66	2.0%	527.3%	1,995	3.7%	788	1.8%	153.2%
GWM	393	6.8%	408	12.6%	-3.7%	4,664	8.6%	728	1.7%	540.7%
Subaru	189	3.3%	164	5.1%	15.2%	1,420	2.6%	1,889	4.3%	-24.8%
Peugeot	48	0.8%	25	0.8%	92.0%	397	0.7%	235	0.5%	68.9%
Hyundai	25	0.4%	0	0.0%	-%	161	0.3%	3	0.0%	5266.7%
Mitsubishi	23	0.4%	21	0.6%	9.5%	172	0.3%	384	0.9%	-55.2%
SsangYong	2	0.0%	1	0.0%	100.0%	5	0.0%	3	0.0%	66.7%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	5,762	100.0%	3,239	100.0%	77.9%	54,206	100.0%	43,525	100.0%	24.5%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Aug. 2022	Aug. 2021	Y-o-Y	Jan.-Aug. 2022	Jan.-Aug. 2021	Y-o-Y
1	Isuzu	D-Max	17,001	10,215	66.4%	126,738	106,997	18.5%
2	Toyota	Hilux	13,182	10,519	25.3%	103,498	94,494	9.5%
3	Honda	City	2,761	3,877	-28.8%	33,094	29,460	12.3%
4	Toyota	Yaris	2,538	1,990	27.5%	21,962	18,702	17.4%
5	Ford	Ford Ranger	2,465	2,531	-2.6%	19,973	19,200	4.0%
6	Mitsubishi	Triton (L200)	2,185	1,849	18.2%	16,911	15,878	6.5%
7	Toyota	Corolla Cross	1,952	1,588	22.9%	14,695	14,297	2.8%
8	Toyota	Fortuner	1,927	1,835	5.0%	19,142	16,969	12.8%
9	Isuzu	MU-X	1,731	1,154	50.0%	12,805	12,052	6.2%
10	Mazda	Demio (Mazda 2)	1,623	1,485	9.3%	13,522	14,173	-4.6%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, July 2022

Aug 29, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

July vehicle sales in Thailand up 22.1%, production up 16.1% (detailed report)
According to the Federation of Thai Industries (FTI), July vehicle sales in Thailand increased 22.1% year over year (YoY) to 64,033 units as further lockdown easements were announced and thanks to the reopening of the country to more international tourism and more investors from overseas countries, as well as other support measures from the government to encourage more economic activities and consumer spending. According to the FTI, the sales figures in June and January-June 2022 have been edited to 67,945 units and 427,296 units, respectively. Therefore, vehicle sales in the first 7 months of 2022 reached 491,329 units, an increase of 15.4% YoY.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in July, Toyota was up 19.0% to 20,277 units. Isuzu was up 19.0% to 16,282 units and Honda was up 4.3% to 7,256 units. Mitsubishi sales were up 23.3% to 3,951 units and Ford sales were up 70.0% to 3,611 units.
By body type, passenger cars were up 15.0% year over year to 19,194 units. Commercial vehicle sales were up 25.4% to 44,839 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 22.4% to 34,054 units.
The Isuzu D-Max was the best-selling model in July with 14,036 units, followed by Toyota Hilux with 10,352 units, Honda City with 2,330 units, Toyota Yaris with 2,187 units and Ford Ranger with 1,844 units.
The FTI announced that new vehicle production in July reached 142,958 units, up 16.1% from July 2021. In the month of July alone, car production of domestic sales contributed 50.06%, while production for exports contributed 49.94%. Vehicle production in the first 7 months of 2022 increased 4.7% YoY to 1,013,069 units.
Vehicle exports in the month of July increased 17.7% YoY to 83,086 units. Car exports to most markets increased, except for Asia which witnessed YoY decline. The vehicle export value in July was THB 52.0 billion, up 19.7% year over year. In the first 7 months of 2022, vehicle exports from Thailand declined 2.1% YoY to 532,730 units.

Thailand - Production and Retail Sales of new vehicles

	Jul. 2022	Growth Y-o-Y (%)	Jan.-Jul. 2022	Growth YTD (%)
Production	142,958	16.1%	1,013,069	4.7%
Domestic Sales	64,033	22.1%	491,329	15.4%
Export (CBU)	83,086	17.7%	532,730	-2.1%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jul.	Share	Jul.	Share	Y-o-Y	Jan.-Jul.	Share	Jan.-Jul.	Share	Y-o-Y
Toyota *	20,277	31.7%	17,040	32.5%	19.0%	162,309	33.0%	134,225	31.5%	20.9%
Isuzu	16,282	25.4%	13,680	26.1%	19.0%	126,171	25.7%	106,845	25.1%	18.1%
Honda	7,256	11.3%	6,958	13.3%	4.3%	47,417	9.7%	49,673	11.7%	-4.5%
Mitsubishi	3,951	6.2%	3,205	6.1%	23.3%	31,425	6.4%	26,733	6.3%	17.6%
Ford	3,611	5.6%	2,124	4.1%	70.0%	18,540	3.8%	18,454	4.3%	0.5%
Mazda	2,408	3.8%	2,112	4.0%	14.0%	22,525	4.6%	21,020	4.9%	7.2%
Nissan	2,340	3.7%	1,751	3.3%	33.6%	14,107	2.9%	17,778	4.2%	-20.6%
MG	1,459	2.3%	2,246	4.3%	-35.0%	16,774	3.4%	16,649	3.9%	0.8%
Suzuki	1,236	1.9%	1,402	2.7%	-11.8%	12,503	2.5%	12,047	2.8%	3.8%
GWM	1,150	1.8%	320	0.6%	259.4%	6,369	1.3%	320	0.1%	1890.3%
Others	4,063	6.3%	1,604	3.1%	153.3%	33,189	6.8%	21,889	5.1%	51.6%
Total	64,033	100.0%	52,442	100.0%	22.1%	491,329	100.0%	425,633	100.0%	15.4%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jul.	Share	Jul.	Share	Y-o-Y	Jan.-Jul.	Share	Jan.-Jul.	Share	Y-o-Y
Toyota *	5,096	26.5%	4,467	26.8%	14.1%	43,990	28.4%	34,170	24.9%	28.7%
Honda	4,635	24.1%	6,065	36.3%	-23.6%	34,209	22.1%	42,651	31.1%	-19.8%
Mitsubishi	1,788	9.3%	1,205	7.2%	48.4%	12,970	8.4%	10,167	7.4%	27.6%
Mazda	1,732	9.0%	1,278	7.7%	35.5%	13,843	8.9%	12,174	8.9%	13.7%
Nissan	1,111	5.8%	1,252	7.5%	-11.3%	7,923	5.1%	12,546	9.2%	-36.8%
Suzuki	1,003	5.2%	1,160	7.0%	-13.5%	10,523	6.8%	10,470	7.6%	0.5%
MG	753	3.9%	1,119	6.7%	-32.7%	8,841	5.7%	4,025	2.9%	119.7%
GWM	696	3.6%	0	0.0%	-%	2,098	1.4%	0	0.0%	-%
KIA	100	0.5%	15	0.1%	566.7%	950	0.6%	963	0.7%	-1.3%
Porsche	74	0.4%	121	0.7%	-38.8%	567	0.4%	890	0.6%	-36.3%
Ford	2	0.0%	3	0.0%	-33.3%	30	0.0%	37	0.0%	-18.9%
Subaru	1	0.0%	0	0.0%	-%	13	0.0%	12	0.0%	8.3%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,203	11.5%	4	0.0%	54975.0%	19,130	12.3%	8,933	6.5%	114.1%
Total	19,194	100.0%	16,689	100.0%	15.0%	155,087	100.0%	137,040	100.0%	13.2%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jul.	Share	Jul.	Share	Y-o-Y	Jan.-Jul.	Share	Jan.-Jul.	Share	Y-o-Y
Isuzu	16,282	36.3%	13,680	38.3%	19.0%	126,171	37.5%	106,845	37.0%	18.1%
Toyota *	15,181	33.9%	12,573	35.2%	20.7%	118,319	35.2%	100,055	34.7%	18.3%
Ford	3,609	8.0%	2,121	5.9%	70.2%	18,510	5.5%	18,417	6.4%	0.5%
Honda	2,621	5.8%	893	2.5%	193.5%	13,208	3.9%	7,022	2.4%	88.1%
Mitsubishi	2,163	4.8%	2,000	5.6%	8.1%	18,455	5.5%	16,566	5.7%	11.4%
Nissan	1,229	2.7%	499	1.4%	146.3%	6,184	1.8%	5,232	1.8%	18.2%
Hino	1,101	2.5%	1,045	2.9%	5.4%	8,175	2.4%	7,528	2.6%	8.6%
MG	706	1.6%	1,127	3.2%	-37.4%	7,933	2.4%	12,624	4.4%	-37.2%
Mazda	676	1.5%	834	2.3%	-18.9%	8,682	2.6%	8,846	3.1%	-1.9%
GWM	454	1.0%	320	0.9%	41.9%	4,271	1.3%	320	0.1%	1234.7%
Hyundai	398	0.9%	226	0.6%	76.1%	2,509	0.7%	1,366	0.5%	83.7%
Suzuki	233	0.5%	242	0.7%	-3.7%	1,980	0.6%	1,577	0.5%	25.6%
Subaru	112	0.2%	146	0.4%	-23.3%	1,231	0.4%	1,725	0.6%	-28.6%
Peugeot	30	0.1%	13	0.0%	130.8%	379	0.1%	223	0.1%	70.0%
KIA	1	0.0%	1	0.0%	0.0%	8	0.0%	24	0.0%	-66.7%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	69	0.0%	-100.0%
Others	43	0.1%	33	0.1%	30.3%	227	0.1%	154	0.1%	47.4%
Total	44,839	100.0%	35,753	100.0%	25.4%	336,242	100.0%	288,593	100.0%	16.5%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jul.	Share	Jul.	Share	Y-o-Y	Jan.-Jul.	Share	Jan.-Jul.	Share	Y-o-Y
Isuzu	14,832	43.6%	12,401	44.6%	19.6%	116,271	44.4%	97,422	43.3%	19.3%
Toyota	12,659	37.2%	10,563	38.0%	19.8%	101,891	38.9%	84,704	37.7%	20.3%
Ford	3,609	10.6%	2,121	7.6%	70.2%	18,510	7.1%	18,417	8.2%	0.5%
Mitsubishi	2,138	6.3%	1,979	7.1%	8.0%	18,306	7.0%	16,203	7.2%	13.0%
Nissan	523	1.5%	376	1.4%	39.1%	4,494	1.7%	4,286	1.9%	4.9%
MG	196	0.6%	296	1.1%	-33.8%	1,817	0.7%	2,948	1.3%	-38.4%
Mazda	97	0.3%	80	0.3%	21.3%	607	0.2%	748	0.3%	-18.9%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	22	0.0%	-100.0%
Total	34,054	100.0%	27,816	100.0%	22.4%	261,896	100.0%	224,750	100.0%	16.5%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jul.	Share	Jul.	Share	Y-o-Y	Jan.-Jul.	Share	Jan.-Jul.	Share	Y-o-Y
Honda	2,621	36.5%	893	19.6%	193.5%	13,208	27.3%	7,022	17.4%	88.1%
Toyota	2,139	29.8%	1,467	32.3%	45.8%	13,295	27.4%	12,089	30.0%	10.0%
Nissan	692	9.6%	102	2.2%	578.4%	1,581	3.3%	722	1.8%	119.0%
Mazda	579	8.1%	754	16.6%	-23.2%	8,075	16.7%	8,098	20.1%	-0.3%
MG	510	7.1%	831	18.3%	-38.6%	6,116	12.6%	9,674	24.0%	-36.8%
GWM	454	6.3%	320	7.0%	41.9%	4,271	8.8%	320	0.8%	1234.7%
Subaru	112	1.6%	146	3.2%	-23.3%	1,231	2.5%	1,725	4.3%	-28.6%
Mitsubishi	25	0.3%	21	0.5%	19.0%	149	0.3%	363	0.9%	-59.0%
Hyundai	11	0.2%	0	0.0%	-%	136	0.3%	3	0.0%	4433.3%
SsangYong	1	0.0%	0	0.0%	-%	3	0.0%	2	0.0%	50.0%
Peugeot	0	0.0%	0	0.0%	-%	349	0.7%	210	0.5%	66.2%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
*Total 1**	7,174	100.0%	4,547	100.0%	57.8%	48,444	100.0%	40,286	100.0%	20.3%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
*1 Data announced by TMT.
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Jul. 2022	Jul. 2021	Y-o-Y	Jan.-Jul. 2022	Jan.-Jul. 2021	Y-o-Y
1	Isuzu	D-Max	14,036	9,698	44.7%	109,737	96,782	13.4%
2	Toyota	Hilux	10,352	10,199	1.5%	90,316	83,975	7.6%
3	Honda	City	2,330	2,704	-13.8%	30,333	25,583	18.6%
4	Toyota	Yaris	2,187	1,775	23.2%	19,424	16,712	16.2%
5	Ford	Ford Ranger	1,844	1,588	16.1%	17,508	16,669	5.0%
6	Toyota	Fortuner	1,677	1,371	22.3%	17,215	15,134	13.8%
7	Mitsubishi	Triton (L200)	1,638	1,470	11.4%	14,726	14,029	5.0%
8	Toyota	Corolla Cross	1,583	1,127	40.5%	12,743	12,709	0.3%
9	Mazda	Demio (Mazda 2)	1,501	1,075	39.6%	11,899	12,688	-6.2%
10	Toyota	Yaris ATIV	1,477	1,440	2.6%	13,950	12,915	8.0%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, June 2022

Aug 1, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

June vehicle sales in Thailand up 4.6%, production up 6.5% (detailed report)
According to the Federation of Thai Industries (FTI), June vehicle sales in Thailand increased 4.6% year over year (YoY) to 67,952 units as further lockdown easements were announced and thanks to the reopening of the country to more international tourism and more investors from overseas countries, as well as other support measures from the government to encourage more economic activities and consumer spending. Vehicle sales in January-June 2022 up 14.5% to 427,399 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in June, Toyota was down 5.9% to 21,026 units. Isuzu was up 42.9% to 20,146 units and Mitsubishi was up 22.1% to 4,815 units. Honda sales were down 40.1% to 4,395 units and Mazda sales were up 6.5% to 3,199 units. By body type, passenger cars were down 13.0% year over year to 19,598 units. Commercial vehicle sales were up 13.9% to 48,354 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 13.4% to 37,619 units.
The Isuzu D-Max was the best-selling model in June with 16,481 units, followed by Toyota Hilux with 12,757 units, Honda City with 3,697 units, Toyota Yaris with 2,715 units and Toyota Fortuner with 2,458 units.
The FTI announced that new vehicle production in June reached 143,016 units, up 6.5% from June 2021. In the month of June alone, car production of domestic sales contributed 50.35%, while production for exports contributed 49.65%. Vehicle production in the first 6 months of 2022 increased 3.0% YoY to 870,111 units.
Vehicle exports in the month of June decreased 11.0% YoY to 73,887 units. Car exports to Asia, Australia, Europe, and North America witnessed YoY decline. The vehicle export value in June was THB 42.8 billion, down 13.2% year over year. In the first 6 months of 2022, vehicle exports from Thailand declined 5.0% YoY to 449,644 units.

Thailand - Production and Retail Sales of new vehicles

	Jun. 2022	Growth Y-o-Y (%)	Jan.-Jun. 2022	Growth YTD (%)
Production	143,016	6.5%	870,111	3.0%
Domestic Sales	67,952	4.6%	427,399	14.5%
Export (CBU)	73,887	-11.0%	449,644	-5.0%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jun.	Share	Jun.	Share	Y-o-Y	Jan.-Jun.	Share	Jan.-Jun.	Share	Y-o-Y
Toyota *	21,026	30.9%	22,337	34.4%	-5.9%	142,032	33.2%	117,185	31.4%	21.2%
Isuzu	20,146	29.6%	14,098	21.7%	42.9%	109,889	25.7%	93,165	25.0%	18.0%
Mitsubishi	4,815	7.1%	3,944	6.1%	22.1%	27,474	6.4%	23,528	6.3%	16.8%
Honda	4,395	6.5%	7,339	11.3%	-40.1%	40,161	9.4%	42,715	11.4%	-6.0%
Mazda	3,199	4.7%	3,005	4.6%	6.5%	20,117	4.7%	18,908	5.1%	6.4%
Ford	2,759	4.1%	2,723	4.2%	1.3%	14,929	3.5%	16,330	4.4%	-8.6%
MG	2,714	4.0%	2,374	3.7%	14.3%	15,315	3.6%	14,403	3.9%	6.3%
Suzuki	1,557	2.3%	1,955	3.0%	-20.4%	11,267	2.6%	10,645	2.9%	5.8%
Nissan	1,488	2.2%	2,270	3.5%	-34.4%	11,767	2.8%	16,027	4.3%	-26.6%
Hino	1,231	1.8%	1,216	1.9%	1.2%	7,074	1.7%	6,483	1.7%	9.1%
Others	4,622	6.8%	3,713	5.7%	24.5%	27,278	6.4%	13,802	3.7%	97.6%
Total	67,952	100.0%	64,974	100.0%	4.6%	427,303	100.0%	373,191	100.0%	14.5%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.
* The figures are different from the FTI announcement vehicle numbers because the information source is different.
* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jun.	Share	Jun.	Share	Y-o-Y	Jan.-Jun.	Share	Jan.-Jun.	Share	Y-o-Y
Toyota *	5,884	30.0%	5,414	24.0%	8.7%	38,894	28.6%	29,703	24.7%	30.9%
Honda	2,518	12.8%	6,422	28.5%	-60.8%	29,574	21.8%	36,586	30.4%	-19.2%
Mitsubishi	2,068	10.6%	1,540	6.8%	34.3%	11,182	8.2%	8,962	7.4%	24.8%
Mazda	1,960	10.0%	1,821	8.1%	7.6%	12,111	8.9%	10,896	9.1%	11.2%
MG	1,435	7.3%	695	3.1%	106.5%	8,088	6.0%	2,906	2.4%	178.3%
Suzuki	1,243	6.3%	1,660	7.4%	-25.1%	9,520	7.0%	9,310	7.7%	2.3%
Nissan	968	4.9%	1,555	6.9%	-37.7%	6,812	5.0%	11,294	9.4%	-39.7%
KIA	160	0.8%	68	0.3%	135.3%	850	0.6%	948	0.8%	-10.3%
GWM	116	0.6%	0	0.0%	-%	1,402	1.0%	0	0.0%	-%
Porsche	88	0.4%	139	0.6%	-36.7%	500	0.4%	769	0.6%	-35.0%
Ford	3	0.0%	2	0.0%	50.0%	28	0.0%	34	0.0%	-17.6%
Subaru	0	0.0%	0	0.0%	-%	12	0.0%	12	0.0%	0.0%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	3,155	16.1%	3,222	14.3%	-2.1%	16,927	12.5%	8,929	7.4%	89.6%
Total	19,598	100.0%	22,538	100.0%	-13.0%	135,900	100.0%	120,351	100.0%	12.9%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jun.	Share	Jun.	Share	Y-o-Y	Jan.-Jun.	Share	Jan.-Jun.	Share	Y-o-Y
Isuzu	20,146	41.7%	14,098	33.2%	42.9%	109,889	37.7%	93,165	36.8%	18.0%
Toyota *	15,142	31.3%	16,923	39.9%	-10.5%	103,138	35.4%	87,482	34.6%	17.9%
Ford	2,756	5.7%	2,721	6.4%	1.3%	14,901	5.1%	16,296	6.4%	-8.6%
Mitsubishi	2,747	5.7%	2,404	5.7%	14.3%	16,292	5.6%	14,566	5.8%	11.8%
Honda	1,877	3.9%	917	2.2%	104.7%	10,587	3.6%	6,129	2.4%	72.7%
MG	1,279	2.6%	1,679	4.0%	-23.8%	7,227	2.5%	11,497	4.5%	-37.1%
Mazda	1,239	2.6%	1,184	2.8%	4.6%	8,006	2.7%	8,012	3.2%	-0.1%
Hino	1,231	2.5%	1,216	2.9%	1.2%	7,074	2.4%	6,483	2.6%	9.1%
GWM	528	1.1%	0	0.0%	-%	3,817	1.3%	0	0.0%	-%
Nissan	520	1.1%	715	1.7%	-27.3%	4,955	1.7%	4,733	1.9%	4.7%
Hyundai	333	0.7%	137	0.3%	143.1%	2,111	0.7%	1,140	0.5%	85.2%
Suzuki	314	0.6%	295	0.7%	6.4%	1,747	0.6%	1,335	0.5%	30.9%
Subaru	163	0.3%	93	0.2%	75.3%	1,119	0.4%	1,579	0.6%	-29.1%
Peugeot	37	0.1%	21	0.0%	76.2%	349	0.1%	210	0.1%	66.2%
KIA	2	0.0%	7	0.0%	-71.4%	7	0.0%	23	0.0%	-69.6%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	69	0.0%	-100.0%
Others	40	0.1%	25	0.1%	60.0%	184	0.1%	121	0.0%	52.1%
Total	48,354	100.0%	42,436	100.0%	13.9%	291,403	100.0%	252,840	100.0%	15.3%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jun.	Share	Jun.	Share	Y-o-Y	Jan.-Jun.	Share	Jan.-Jun.	Share	Y-o-Y
Isuzu	18,640	49.5%	12,564	37.9%	48.4%	101,439	44.5%	85,021	43.2%	19.3%
Toyota	12,629	33.6%	14,472	43.6%	-12.7%	89,232	39.2%	74,141	37.6%	20.4%
Ford	2,756	7.3%	2,721	8.2%	1.3%	14,901	6.5%	16,296	8.3%	-8.6%
Mitsubishi	2,721	7.2%	2,386	7.2%	14.0%	16,168	7.1%	14,224	7.2%	13.7%
Nissan	489	1.3%	585	1.8%	-16.4%	3,971	1.7%	3,910	2.0%	1.6%
MG	303	0.8%	373	1.1%	-18.8%	1,621	0.7%	2,652	1.3%	-38.9%
Mazda	81	0.2%	67	0.2%	20.9%	510	0.2%	668	0.3%	-23.7%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	22	0.0%	-100.0%
Total	37,619	100.0%	33,169	100.0%	13.4%	227,842	100.0%	196,934	100.0%	15.7%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Jun.	Share	Jun.	Share	Y-o-Y	Jan.-Jun.	Share	Jan.-Jun.	Share	Y-o-Y
Toyota	2,080	30.3%	1,997	35.9%	4.2%	11,156	27.0%	10,622	29.7%	5.0%
Honda	1,877	27.3%	917	16.5%	104.7%	10,587	25.7%	6,129	17.1%	72.7%
Mazda	1,158	16.9%	1,117	20.1%	3.7%	7,496	18.2%	7,344	20.5%	2.1%
MG	976	14.2%	1,306	23.5%	-25.3%	5,606	13.6%	8,843	24.7%	-36.6%
GWM	528	7.7%	0	0.0%	-%	3,817	9.2%	0	0.0%	-%
Subaru	163	2.4%	93	1.7%	75.3%	1,119	2.7%	1,579	4.4%	-29.1%
Peugeot	37	0.5%	21	0.4%	76.2%	349	0.8%	210	0.6%	66.2%
Mitsubishi	26	0.4%	18	0.3%	44.4%	124	0.3%	342	1.0%	-63.7%
Hyundai	18	0.3%	0	0.0%	-%	125	0.3%	3	0.0%	4066.7%
Nissan	7	0.1%	93	1.7%	-92.5%	889	2.2%	620	1.7%	43.4%
SsangYong	0	0.0%	0	0.0%	-%	2	0.0%	2	0.0%	0.0%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	6,870	100.0%	5,562	100.0%	23.5%	41,270	100.0%	35,739	100.0%	15.5%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Jun. 2022	Jun. 2021	Y-o-Y	Jan.-Jun. 2022	Jan.-Jun. 2021	Y-o-Y
1	Isuzu	D-Max	16,481	12,903	27.7%	95,701	87,084	9.9%
2	Toyota	Hilux	12,757	11,612	9.9%	79,964	73,776	8.4%
3	Honda	City	3,697	3,672	0.7%	28,003	22,879	22.4%
4	Toyota	Yaris	2,715	2,145	26.6%	17,237	14,937	15.4%
5	Toyota	Fortuner	2,458	2,070	18.7%	15,538	13,763	12.9%
6	Ford	Ford Ranger	2,273	2,431	-6.5%	15,664	15,081	3.9%
7	Mitsubishi	Triton (L200)	2,230	1,991	12.0%	13,088	12,559	4.2%
8	Toyota	Yaris ATIV	2,041	1,645	24.1%	12,473	11,475	8.7%
9	Toyota	Corolla Cross	1,937	1,484	30.5%	11,160	11,582	-3.6%
10	Mazda	Demio (Mazda 2)	1,738	1,576	10.3%	10,398	11,613	-10.5%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, May 2022

Jun 27, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

May vehicle sales in Thailand up 15.7%, production down 7.8% (detailed report)
According to the Federation of Thai Industries (FTI), May vehicle sales in Thailand increased 15.7% year over year (YoY) to 64,735 units as further lockdown easements were announced and thanks to the reopening of the country to international tourism. However, FTI expressed concern over the rising oil prices, Thai baht depreciation, as well as the rising household debt, which could reduce purchasing power of the customers. Vehicle sales in January-May 2022 up 16.6% to 359,351 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in May, Toyota was up 12.2% to 22,181 units. Isuzu was up 5.8% to 15,728 units and Honda was up 0.7% to 5,035 units. Mitsubishi sales were up 39.0% to 4,714 units and Mazda sales were up 7.1% to 3,005 units. By body type, passenger cars were up 29.0% year over year to 20,084 units. Commercial vehicle sales were up 10.6% to 44,651 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 6.4% to 33,822 units.
The Isuzu D-Max was the best-selling model in May with 16,950 units, followed by Toyota Hilux with 13,504 units, Honda City with 4,508 units, Toyota Yaris with 2,801 units and Ford Ranger with 2,596 units.
The FTI announced that new vehicle production in May reached 129,231 units, down 7.8% from May 2021. In the month of May alone, car production of domestic sales contributed 49.05%, while production for exports contributed 50.95%. Vehicle production in the first 5 months of 2022 increased 2.4% YoY to 727,095 units.
Vehicle exports in the month of May decreased 3.2% YoY to 76,937 units. Car exports to Asia and Europe witnessed YoY decline. The vehicle export value in May was THB 46.2 billion, down 4.5% year over year. In the first 5 months of 2022, vehicle exports from Thailand declined 3.8% YoY to 375,757 units.

Thailand - Production and Retail Sales of new vehicles

	May 2022	Growth Y-o-Y (%)	Jan.-May 2022	Growth YTD (%)
Production	129,231	-7.8%	727,095	2.4%
Domestic Sales	64,735	15.7%	359,351	16.6%
Export (CBU)	76,937	-3.2%	375,757	-3.8%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	May	Share	May	Share	Y-o-Y	Jan.-May	Share	Jan.-May	Share	Y-o-Y
Toyota *	22,181	34.3%	19,767	35.3%	12.2%	121,006	33.7%	94,848	30.8%	27.6%
Isuzu	15,728	24.3%	14,866	26.6%	5.8%	89,743	25.0%	79,067	25.7%	13.5%
Honda	5,035	7.8%	4,998	8.9%	0.7%	35,766	10.0%	35,376	11.5%	1.1%
Mitsubishi	4,714	7.3%	3,392	6.1%	39.0%	22,659	6.3%	19,584	6.4%	15.7%
Mazda	3,005	4.6%	2,805	5.0%	7.1%	16,918	4.7%	15,903	5.2%	6.4%
MG	2,286	3.5%	2,032	3.6%	12.5%	12,601	3.5%	12,029	3.9%	4.8%
Ford	2,272	3.5%	2,704	4.8%	-16.0%	12,170	3.4%	13,607	4.4%	-10.6%
Nissan	1,531	2.4%	2,034	3.6%	-24.7%	10,279	2.9%	13,757	4.5%	-25.3%
Suzuki	1,514	2.3%	1,574	2.8%	-3.8%	9,710	2.7%	8,690	2.8%	11.7%
Hino	1,193	1.8%	1,002	1.8%	19.1%	5,843	1.6%	5,267	1.7%	10.9%
Others	5,276	8.2%	774	1.4%	581.7%	22,656	6.3%	10,089	3.3%	124.6%
Total	64,735	100.0%	55,948	100.0%	15.7%	359,351	100.0%	308,217	100.0%	16.6%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	May	Share	May	Share	Y-o-Y	Jan.-May	Share	Jan.-May	Share	Y-o-Y
Toyota *	5,773	28.7%	4,824	31.0%	19.7%	33,010	28.4%	24,289	24.8%	35.9%
Honda	3,191	15.9%	4,380	28.1%	-27.1%	27,056	23.3%	30,164	30.8%	-10.3%
Mitsubishi	2,077	10.3%	1,177	7.6%	76.5%	9,114	7.8%	7,422	7.6%	22.8%
Mazda	1,774	8.8%	1,527	9.8%	16.2%	10,151	8.7%	9,075	9.3%	11.9%
Suzuki	1,219	6.1%	1,342	8.6%	-9.2%	8,277	7.1%	7,650	7.8%	8.2%
MG	1,113	5.5%	460	3.0%	142.0%	6,653	5.7%	2,211	2.3%	200.9%
Nissan	969	4.8%	1,447	9.3%	-33.0%	5,844	5.0%	9,739	10.0%	-40.0%
GWM	508	2.5%	0	0.0%	-%	1,286	1.1%	0	0.0%	-%
KIA	224	1.1%	199	1.3%	12.6%	690	0.6%	880	0.9%	-21.6%
Porsche	65	0.3%	204	1.3%	-68.1%	412	0.4%	630	0.6%	-34.6%
Subaru	11	0.1%	1	0.0%	1000.0%	12	0.0%	12	0.0%	0.0%
Ford	6	0.0%	2	0.0%	200.0%	25	0.0%	32	0.0%	-21.9%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	3,154	15.7%	6	0.0%	52466.7%	13,772	11.8%	5,707	5.8%	141.3%
Total	20,084	100.0%	15,569	100.0%	29.0%	116,302	100.0%	97,813	100.0%	18.9%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	May	Share	May	Share	Y-o-Y	Jan.-May	Share	Jan.-May	Share	Y-o-Y
Toyota *	16,408	36.7%	14,943	37.0%	9.8%	87,996	36.2%	70,559	33.5%	24.7%
Isuzu	15,728	35.2%	14,866	36.8%	5.8%	89,743	36.9%	79,067	37.6%	13.5%
Mitsubishi	2,637	5.9%	2,215	5.5%	19.1%	13,545	5.6%	12,162	5.8%	11.4%
Ford	2,266	5.1%	2,702	6.7%	-16.1%	12,145	5.0%	13,575	6.5%	-10.5%
Honda	1,844	4.1%	618	1.5%	198.4%	8,710	3.6%	5,212	2.5%	67.1%
Mazda	1,231	2.8%	1,278	3.2%	-3.7%	6,767	2.8%	6,828	3.2%	-0.9%
Hino	1,193	2.7%	1,002	2.5%	19.1%	5,843	2.4%	5,267	2.5%	10.9%
MG	1,173	2.6%	1,572	3.9%	-25.4%	5,948	2.4%	9,818	4.7%	-39.4%
GWM	624	1.4%	0	0.0%	-%	3,289	1.4%	0	0.0%	-%
Nissan	562	1.3%	587	1.5%	-4.3%	4,435	1.8%	4,018	1.9%	10.4%
Hyundai	458	1.0%	132	0.3%	247.0%	1,778	0.7%	1,003	0.5%	77.3%
Suzuki	295	0.7%	232	0.6%	27.2%	1,433	0.6%	1,040	0.5%	37.8%
Subaru	151	0.3%	191	0.5%	-20.9%	956	0.4%	1,486	0.7%	-35.7%
Peugeot	43	0.1%	18	0.0%	138.9%	312	0.1%	189	0.1%	65.1%
KIA	1	0.0%	0	0.0%	-%	5	0.0%	16	0.0%	-68.8%
TATA	0	0.0%	1	0.0%	-100.0%	0	0.0%	68	0.0%	-100.0%
Others	37	0.1%	22	0.1%	68.2%	144	0.1%	96	0.0%	50.0%
Total	44,651	100.0%	40,379	100.0%	10.6%	243,049	100.0%	210,404	100.0%	15.5%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	May	Share	May	Share	Y-o-Y	Jan.-May	Share	Jan.-May	Share	Y-o-Y
Isuzu	14,192	42.0%	13,403	42.2%	5.9%	82,799	43.5%	72,457	44.2%	14.3%
Toyota	13,909	41.1%	12,519	39.4%	11.1%	76,603	40.3%	59,669	36.4%	28.4%
Mitsubishi	2,604	7.7%	2,185	6.9%	19.2%	13,447	7.1%	11,838	7.2%	13.6%
Ford	2,266	6.7%	2,702	8.5%	-16.1%	12,145	6.4%	13,575	8.3%	-10.5%
Nissan	517	1.5%	502	1.6%	3.0%	3,482	1.8%	3,325	2.0%	4.7%
MG	246	0.7%	345	1.1%	-28.7%	1,318	0.7%	2,279	1.4%	-42.2%
Mazda	88	0.3%	122	0.4%	-27.9%	429	0.2%	601	0.4%	-28.6%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	21	0.0%	-100.0%
Total	33,822	100.0%	31,778	100.0%	6.4%	190,223	100.0%	163,765	100.0%	16.2%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	May	Share	May	Share	Y-o-Y	Jan.-May	Share	Jan.-May	Share	Y-o-Y
Toyota	2,101	30.3%	1,956	37.1%	7.4%	9,076	26.4%	8,625	28.6%	5.2%
Honda	1,844	26.6%	618	11.7%	198.4%	8,710	25.3%	5,212	17.3%	67.1%
Mazda	1,143	16.5%	1,156	21.9%	-1.1%	6,338	18.4%	6,227	20.6%	1.8%
MG	927	13.4%	1,227	23.2%	-24.4%	4,630	13.5%	7,537	25.0%	-38.6%
GWM	624	9.0%	0	0.0%	-%	3,289	9.6%	0	0.0%	-%
Subaru	151	2.2%	191	3.6%	-20.9%	956	2.8%	1,486	4.9%	-35.7%
Peugeot	43	0.6%	18	0.3%	138.9%	312	0.9%	189	0.6%	65.1%
Nissan	38	0.5%	69	1.3%	-44.9%	882	2.6%	527	1.7%	67.4%
Mitsubishi	33	0.5%	30	0.6%	10.0%	98	0.3%	324	1.1%	-69.8%
Hyundai	21	0.3%	0	0.0%	-%	107	0.3%	3	0.0%	3466.7%
SsangYong	1	0.0%	1	0.0%	0.0%	2	0.0%	2	0.0%	0.0%
Lexus	0	0.0%	10	0.2%	-100.0%	0	0.0%	38	0.1%	-100.0%
Suzuki	0	0.0%	2	0.0%	-100.0%	0	0.0%	6	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	6,926	100.0%	5,278	100.0%	31.2%	34,400	100.0%	30,177	100.0%	14.0%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	May 2022	May 2021	Y-o-Y	Jan.-May 2022	Jan.-May 2021	Y-o-Y
1	Isuzu	D-Max	16,950	13,663	24.1%	79,220	74,181	6.8%
2	Toyota	Hilux	13,504	12,322	9.6%	67,207	62,164	8.1%
3	Honda	City	4,508	4,127	9.2%	24,306	19,207	26.5%
4	Toyota	Yaris	2,801	2,325	20.5%	14,522	12,792	13.5%
5	Ford	Ford Ranger	2,596	2,578	0.7%	13,391	12,650	5.9%
6	Toyota	Fortuner	2,547	2,166	17.6%	13,080	11,693	11.9%
7	Mitsubishi	Triton (L200)	2,335	2,240	4.2%	10,858	10,568	2.7%
8	Toyota	Yaris ATIV	2,025	1,848	9.6%	10,432	9,830	6.1%
9	Mazda	Demio (Mazda 2)	1,764	1,908	-7.5%	8,660	10,037	-13.7%
10	Toyota	Corolla Cross	1,698	1,728	-1.7%	9,223	10,098	-8.7%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, April 2022

May 23, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

April vehicle sales in Thailand up 9.1%, production up 12.9% (detailed report)
According to the Federation of Thai Industries (FTI), April vehicle sales in Thailand increased 9.1% year over year (YoY) to 63,427 units as further lockdown easements were announced, more vehicles reserved at the Bangkok International Motor Show (ended on April 3) have been delivered, and thanks to the reopening of the country to international tourism. Vehicle sales in January-April 2022 up 16.8% to 294,616 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in April, Toyota was up 13.2% to 21,681 units. Isuzu was up 11.0% to 16,595 units and Honda was down 5.8% to 5,107 units. Mitsubishi sales were down 5.8% to 3,870 units and Mazda sales were down 24.7% to 2,753 units. By body type, passenger cars were up 20.6% year over year to 20,492 units. Commercial vehicle sales were up 4.4% to 42,935 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 3.1% to 33,629 units.
The Isuzu D-Max was the best-selling model in April with 15,050 units, followed by Toyota Hilux with 11,181 units, Honda City with 4,124 units, Toyota Yaris with 2,485 units and Ford Ranger with 2,275 units.
The FTI announced that new vehicle production in April reached 117,786 units, up 12.9% from April 2021. In the month of April alone, car production of domestic sales grew 32.3% YoY, while production for exports went 1.7% down YoY as the effects of chips/other auto parts shortage in some car models continued. Vehicle production in the first 4 months of 2022 up 4.9% YoY to 597,864 units.
Vehicle exports in the month of April recorded YoY growth for the first time in 2022 with 55,696 units, rose 5.3% YoY. Amid the growing demand for pickup trucks, exports to Asia, the Middle East, North America, Central America, and South America also escalated YoY. The vehicle export value in April was THB 33.5 billion, up 11.3% year over year. In the first 4 months of 2022, vehicle exports from Thailand declined 3.9% YoY to 298,820 units.

Thailand - Production and Retail Sales of new vehicles

	Apr. 2022	Growth Y-o-Y (%)	Jan.-Apr. 2022	Growth YTD (%)
Production	117,786	12.9%	597,864	4.9%
Domestic Sales	63,427	9.1%	294,616	16.8%
Export (CBU)	55,696	5.3%	298,820	-3.9%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Apr.	Share	Apr.	Share	Y-o-Y	Jan.-Apr.	Share	Jan.-Apr.	Share	Y-o-Y
Toyota *	21,681	34.2%	19,150	32.9%	13.2%	98,825	33.5%	75,081	29.8%	31.6%
Isuzu	16,595	26.2%	14,953	25.7%	11.0%	74,015	25.1%	64,201	25.4%	15.3%
Honda	5,107	8.1%	5,419	9.3%	-5.8%	30,731	10.4%	30,378	12.0%	1.2%
Mitsubishi	3,870	6.1%	4,107	7.1%	-5.8%	17,945	6.1%	16,192	6.4%	10.8%
Mazda	2,753	4.3%	2,208	3.8%	24.7%	13,913	4.7%	13,098	5.2%	6.2%
Ford	2,536	4.0%	2,783	4.8%	-8.9%	9,898	3.4%	10,903	4.3%	-9.2%
Suzuki	2,351	3.7%	1,930	3.3%	21.8%	8,196	2.8%	7,116	2.8%	15.2%
MG	1,921	3.0%	2,478	4.3%	-22.5%	10,315	3.5%	9,997	4.0%	3.2%
Nissan	1,379	2.2%	3,166	5.4%	-56.4%	8,748	3.0%	11,723	4.6%	-25.4%
Hino	1,120	1.8%	885	1.5%	26.6%	4,650	1.6%	4,265	1.7%	9.0%
Others	4,114	6.5%	1,053	1.8%	290.7%	17,380	5.9%	9,315	3.7%	86.6%
Total	63,427	100.0%	58,132	100.0%	9.1%	294,616	100.0%	252,269	100.0%	16.8%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Apr.	Share	Apr.	Share	Y-o-Y	Jan.-Apr.	Share	Jan.-Apr.	Share	Y-o-Y
Toyota *	6,901	33.7%	4,956	29.2%	39.2%	27,237	28.3%	19,465	23.7%	39.9%
Honda	3,969	19.4%	4,437	26.1%	-10.5%	23,865	24.8%	25,784	31.4%	-7.4%
Suzuki	2,045	10.0%	1,733	10.2%	18.0%	7,058	7.3%	6,308	7.7%	11.9%
Mazda	1,672	8.2%	1,158	6.8%	44.4%	8,377	8.7%	7,548	9.2%	11.0%
Mitsubishi	1,529	7.5%	1,548	9.1%	-1.2%	7,037	7.3%	6,245	7.6%	12.7%
MG	908	4.4%	439	2.6%	106.8%	5,540	5.8%	1,751	2.1%	216.4%
Nissan	773	3.8%	2,296	13.5%	-66.3%	4,875	5.1%	8,292	10.1%	-41.2%
KIA	252	1.2%	269	1.6%	-6.3%	466	0.5%	681	0.8%	-31.6%
GWM	74	0.4%	0	0.0%	-%	778	0.8%	0	0.0%	-%
Porsche	66	0.3%	137	0.8%	-51.8%	347	0.4%	426	0.5%	-18.5%
Ford	7	0.0%	6	0.0%	16.7%	19	0.0%	30	0.0%	-36.7%
Subaru	0	0.0%	4	0.0%	-100.0%	1	0.0%	11	0.0%	-90.9%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,296	11.2%	5	0.0%	45820.0%	10,618	11.0%	5,701	6.9%	86.2%
Total	20,492	100.0%	16,988	100.0%	20.6%	96,218	100.0%	82,244	100.0%	17.0%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Apr.	Share	Apr.	Share	Y-o-Y	Jan.-Apr.	Share	Jan.-Apr.	Share	Y-o-Y
Isuzu	16,595	38.7%	14,953	36.3%	11.0%	74,015	37.3%	64,201	37.8%	15.3%
Toyota *	14,780	34.4%	14,194	34.5%	4.1%	71,588	36.1%	55,616	32.7%	28.7%
Ford	2,529	5.9%	2,777	6.7%	-8.9%	9,879	5.0%	10,873	6.4%	-9.1%
Mitsubishi	2,341	5.5%	2,559	6.2%	-8.5%	10,908	5.5%	9,947	5.9%	9.7%
Honda	1,138	2.7%	982	2.4%	15.9%	6,866	3.5%	4,594	2.7%	49.5%
Hino	1,120	2.6%	885	2.2%	26.6%	4,650	2.3%	4,265	2.5%	9.0%
Mazda	1,081	2.5%	1,050	2.6%	3.0%	5,536	2.8%	5,550	3.3%	-0.3%
MG	1,013	2.4%	2,039	5.0%	-50.3%	4,775	2.4%	8,246	4.8%	-42.1%
GWM	636	1.5%	0	0.0%	-%	2,665	1.3%	0	0.0%	-%
Nissan	606	1.4%	870	2.1%	-30.3%	3,873	2.0%	3,431	2.0%	12.9%
Hyundai	505	1.2%	230	0.6%	119.6%	1,320	0.7%	871	0.5%	51.5%
Suzuki	306	0.7%	197	0.5%	55.3%	1,138	0.6%	808	0.5%	40.8%
Subaru	185	0.4%	349	0.8%	-47.0%	805	0.4%	1,295	0.8%	-37.8%
Peugeot	60	0.1%	45	0.1%	33.3%	269	0.1%	171	0.1%	57.3%
KIA	2	0.0%	0	0.0%	-%	4	0.0%	16	0.0%	-75.0%
TATA	0	0.0%	4	0.0%	-100.0%	0	0.0%	67	0.0%	-100.0%
Others	38	0.1%	10	0.0%	280.0%	107	0.1%	74	0.0%	44.6%
Total	42,935	100.0%	41,144	100.0%	4.4%	198,398	100.0%	170,025	100.0%	16.7%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Apr.	Share	Apr.	Share	Y-o-Y	Jan.-Apr.	Share	Jan.-Apr.	Share	Y-o-Y
Isuzu	15,451	45.9%	13,655	41.9%	13.2%	68,607	43.9%	59,054	44.7%	16.2%
Toyota	12,605	37.5%	12,432	38.1%	1.4%	62,694	40.1%	47,150	35.7%	33.0%
Ford	2,529	7.5%	2,777	8.5%	-8.9%	9,879	6.3%	10,873	8.2%	-9.1%
Mitsubishi	2,319	6.9%	2,520	7.7%	-8.0%	10,843	6.9%	9,653	7.3%	12.3%
Nissan	475	1.4%	697	2.1%	-31.9%	2,965	1.9%	2,823	2.1%	5.0%
MG	199	0.6%	474	1.5%	-58.0%	1,072	0.7%	1,934	1.5%	-44.6%
Mazda	51	0.2%	50	0.2%	2.0%	341	0.2%	479	0.4%	-28.8%
TATA	0	0.0%	0	0.0%	-%	0	0.0%	21	0.0%	-100.0%
Total	33,629	100.0%	32,605	100.0%	3.1%	156,401	100.0%	131,987	100.0%	18.5%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Apr.	Share	Apr.	Share	Y-o-Y	Jan.-Apr.	Share	Jan.-Apr.	Share	Y-o-Y
Toyota	1,770	30.3%	1,412	25.5%	25.4%	6,975	25.4%	6,669	26.8%	4.6%
Honda	1,138	19.5%	982	17.7%	15.9%	6,866	25.0%	4,594	18.5%	49.5%
Mazda	1,030	17.6%	1,000	18.0%	3.0%	5,195	18.9%	5,071	20.4%	2.4%
MG	814	13.9%	1,565	28.2%	-48.0%	3,703	13.5%	6,310	25.3%	-41.3%
GWM	636	10.9%	0	0.0%	-%	2,665	9.7%	0	0.0%	-%
Subaru	185	3.2%	349	6.3%	-47.0%	805	2.9%	1,295	5.2%	-37.8%
Nissan	128	2.2%	148	2.7%	-13.5%	844	3.1%	458	1.8%	84.3%
Peugeot	60	1.0%	45	0.8%	33.3%	269	1.0%	171	0.7%	57.3%
Hyundai	53	0.9%	2	0.0%	2550.0%	86	0.3%	3	0.0%	2766.7%
Mitsubishi	22	0.4%	39	0.7%	-43.6%	65	0.2%	294	1.2%	-77.9%
SsangYong	1	0.0%	0	0.0%	-%	1	0.0%	1	0.0%	0.0%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	28	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	4	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	5,837	100.0%	5,542	100.0%	5.3%	27,474	100.0%	24,899	100.0%	10.3%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Apr. 2022	Apr. 2021	Y-o-Y	Jan.-Apr. 2022	Jan.-Apr. 2021	Y-o-Y
1	Isuzu	D-Max	15,050	12,605	19.4%	62,270	60,518	2.9%
2	Toyota	Hilux	11,181	10,831	3.2%	53,703	49,842	7.7%
3	Honda	City	4,124	3,931	4.9%	19,798	15,080	31.3%
4	Toyota	Yaris	2,485	2,124	17.0%	11,721	10,467	12.0%
5	Ford	Ford Ranger	2,275	2,295	-0.9%	10,795	10,072	7.2%
6	Toyota	Fortuner	2,142	1,993	7.5%	10,533	9,527	10.6%
7	Mitsubishi	Triton (L200)	1,744	1,638	6.5%	8,523	8,328	2.3%
8	Toyota	Yaris ATIV	1,684	1,561	7.9%	8,407	7,982	5.3%
9	Isuzu	MU-X	1,606	1,468	9.4%	6,430	6,564	-2.0%
10	Toyota	Corolla Cross	1,476	1,586	-6.9%	7,525	8,370	-10.1%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, March 2022

May 6, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

March vehicle sales in Thailand up 9.1%, production up 6.2% (detailed report)
According to the Federation of Thai Industries (FTI), March vehicle sales in Thailand increased 9.1% year over year (YoY) to 87,245 units thanks to the reopening of the country to international tourism, support measures from the government to encourage more economic activities and consumer spending. The Bangkok International Motor Show which recorded sales of over 33,000 cars and motorcycles also helped driving sales in March and April. January - March sales were up 19.1% to 231,189 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in March, Toyota was up 34.7% to 29,997 units. Isuzu was up 24.4% to 21,801 units and Honda was down 2.8% to 10,009 units. Mitsubishi sales were down 9.5% to 4,637 units and Mazda sales were down 1.1% to 4,594 units. By body type, passenger cars were down 1.4% year over year to 29,771 units. Commercial vehicle sales were up 15.4% to 57,474 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 21.7% to 46,363 units.
The Isuzu D-Max was the best-selling model in March with 18,259 units, followed by Toyota Hilux with 15,407 units, Honda City with 5,636 units, Toyota Yaris with 3,273 units and Toyota Fortuner with 3,151 units.
The FTI announced that new vehicle production in March reached 172,671 units, up 6.2% from March 2021, supported by production of domestic sales which increased 32.2% YoY, mainly to serve demand from the Bangkok International Motor Show and during the public holidays in April. However, production for exports declined 11.4% in March as production of passenger cars continued to be impacted by shortage of chips and other auto parts in some car models. January - March production was up 3.1% to 480,078 units.
Vehicle exports in March were at 93,840 units, decreased 10.2% YoY. Due to the suspension of some passenger car models’ production following semiconductor and other parts shortages, exports to Asia, Australia, and Europe witnessed decline. The vehicle export value in March was THB 55.9 billion, down 4.4% year over year. Vehicle exports from January to March were down 5.8% to 243,124 units.

Thailand - Production and Retail Sales of new vehicles

	Mar. 2022	Growth Y-o-Y (%)	Jan.-Mar. 2022	Growth YTD (%)
Production	172,671	6.2%	480,078	3.1%
Domestic Sales	87,245	9.1%	231,189	19.1%
Export (CBU)	93,840	-10.2%	243,124	-5.8%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Mar.	Share	Mar.	Share	Y-o-Y	Jan.-Mar.	Share	Jan.-Mar.	Share	Y-o-Y
Toyota *	29,997	34.4%	22,276	27.9%	34.7%	77,144	33.4%	55,931	28.8%	37.9%
Isuzu	21,801	25.0%	17,523	21.9%	24.4%	57,420	24.8%	49,248	25.4%	16.6%
Honda	10,009	11.5%	10,295	12.9%	-2.8%	25,624	11.1%	24,959	12.9%	2.7%
Mitsubishi	4,637	5.3%	5,123	6.4%	-9.5%	14,075	6.1%	12,085	6.2%	16.5%
Mazda	4,594	5.3%	4,644	5.8%	-1.1%	11,160	4.8%	10,890	5.6%	2.5%
Ford	2,781	3.2%	3,212	4.0%	-13.4%	7,362	3.2%	8,120	4.2%	-9.3%
MG	2,541	2.9%	2,967	3.7%	-14.4%	8,394	3.6%	7,519	3.9%	11.6%
Nissan	2,477	2.8%	3,832	4.8%	-35.4%	7,369	3.2%	8,557	4.4%	-13.9%
Suzuki	2,051	2.4%	2,000	2.5%	2.6%	5,845	2.5%	5,186	2.7%	12.7%
Hino	1,368	1.6%	1,348	1.7%	1.5%	3,530	1.5%	3,380	1.7%	4.4%
Others	4,989	5.7%	6,749	8.4%	-26.1%	13,266	5.7%	8,262	4.3%	60.6%
Total	87,245	100.0%	79,969	100.0%	9.1%	231,189	100.0%	194,137	100.0%	19.1%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Mar.	Share	Mar.	Share	Y-o-Y	Jan.-Mar.	Share	Jan.-Mar.	Share	Y-o-Y
Toyota *	8,795	29.5%	5,380	17.8%	63.5%	20,336	26.9%	14,509	22.2%	40.2%
Honda	8,326	28.0%	8,953	29.7%	-7.0%	19,896	26.3%	21,347	32.7%	-6.8%
Mazda	2,602	8.7%	2,785	9.2%	-6.6%	6,705	8.9%	6,390	9.8%	4.9%
Mitsubishi	1,779	6.0%	2,066	6.8%	-13.9%	5,508	7.3%	4,697	7.2%	17.3%
Suzuki	1,735	5.8%	1,736	5.8%	-0.1%	5,013	6.6%	4,575	7.0%	9.6%
MG	1,555	5.2%	546	1.8%	184.8%	4,632	6.1%	1,312	2.0%	253.0%
Nissan	1,159	3.9%	2,643	8.8%	-56.1%	4,102	5.4%	5,996	9.2%	-31.6%
Porsche	75	0.3%	83	0.3%	-9.6%	281	0.4%	289	0.4%	-2.8%
GWM	58	0.2%	0	0.0%	-%	704	0.9%	0	0.0%	-%
KIA	24	0.1%	291	1.0%	-91.8%	214	0.3%	412	0.6%	-48.1%
Ford	2	0.0%	13	0.0%	-84.6%	12	0.0%	24	0.0%	-50.0%
Subaru	0	0.0%	2	0.0%	-100.0%	1	0.0%	7	0.0%	-85.7%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	3,661	12.3%	5,685	18.8%	-35.6%	8,322	11.0%	5,696	8.7%	46.1%
Total	29,771	100.0%	30,183	100.0%	-1.4%	75,726	100.0%	65,256	100.0%	16.0%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Mar.	Share	Mar.	Share	Y-o-Y	Jan.-Mar.	Share	Jan.-Mar.	Share	Y-o-Y
Isuzu	21,801	37.9%	17,523	35.2%	24.4%	57,420	36.9%	49,248	38.2%	16.6%
Toyota *	21,202	36.9%	16,896	33.9%	25.5%	56,808	36.5%	41,422	32.1%	37.1%
Mitsubishi	2,858	5.0%	3,057	6.1%	-6.5%	8,567	5.5%	7,388	5.7%	16.0%
Ford	2,779	4.8%	3,199	6.4%	-13.1%	7,350	4.7%	8,096	6.3%	-9.2%
Mazda	1,992	3.5%	1,859	3.7%	7.2%	4,455	2.9%	4,500	3.5%	-1.0%
Honda	1,683	2.9%	1,342	2.7%	25.4%	5,728	3.7%	3,612	2.8%	58.6%
Hino	1,368	2.4%	1,348	2.7%	1.5%	3,530	2.3%	3,380	2.6%	4.4%
Nissan	1,318	2.3%	1,189	2.4%	10.8%	3,267	2.1%	2,561	2.0%	27.6%
MG	986	1.7%	2,421	4.9%	-59.3%	3,762	2.4%	6,207	4.8%	-39.4%
GWM	505	0.9%	0	0.0%	-%	2,029	1.3%	0	0.0%	-%
Suzuki	316	0.5%	264	0.5%	19.7%	832	0.5%	611	0.5%	36.2%
Subaru	290	0.5%	330	0.7%	-12.1%	620	0.4%	946	0.7%	-34.5%
Hyundai	270	0.5%	229	0.5%	17.9%	815	0.5%	641	0.5%	27.1%
Peugeot	66	0.1%	51	0.1%	29.4%	209	0.1%	126	0.1%	65.9%
KIA	1	0.0%	0	0.0%	-%	2	0.0%	16	0.0%	-87.5%
TATA	0	0.0%	44	0.1%	-100.0%	0	0.0%	63	0.0%	-100.0%
Others	39	0.1%	34	0.1%	14.7%	69	0.0%	64	0.0%	7.8%
Total	57,474	100.0%	49,786	100.0%	15.4%	155,463	100.0%	128,881	100.0%	20.6%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Mar.	Share	Mar.	Share	Y-o-Y	Jan.-Mar.	Share	Jan.-Mar.	Share	Y-o-Y
Isuzu	20,324	43.8%	15,801	41.5%	28.6%	53,156	43.3%	45,399	45.7%	17.1%
Toyota	18,989	41.0%	14,443	37.9%	31.5%	50,089	40.8%	34,718	34.9%	44.3%
Mitsubishi	2,844	6.1%	3,010	7.9%	-5.5%	8,524	6.9%	7,133	7.2%	19.5%
Ford	2,779	6.0%	3,199	8.4%	-13.1%	7,350	6.0%	8,096	8.1%	-9.2%
Nissan	951	2.1%	989	2.6%	-3.8%	2,490	2.0%	2,126	2.1%	17.1%
MG	324	0.7%	581	1.5%	-44.2%	873	0.7%	1,460	1.5%	-40.2%
Mazda	152	0.3%	74	0.2%	105.4%	290	0.2%	429	0.4%	-32.4%
TATA	0	0.0%	9	0.0%	-100.0%	0	0.0%	21	0.0%	-100.0%
Total	46,363	100.0%	38,106	100.0%	21.7%	122,772	100.0%	99,382	100.0%	23.5%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Mar.	Share	Mar.	Share	Y-o-Y	Jan.-Mar.	Share	Jan.-Mar.	Share	Y-o-Y
Mazda	1,840	26.1%	1,785	23.9%	3.1%	4,165	19.2%	4,071	21.0%	2.3%
Honda	1,683	23.8%	1,342	18.0%	25.4%	5,728	26.5%	3,612	18.7%	58.6%
Toyota	1,626	23.0%	1,893	25.4%	-14.1%	5,205	24.1%	5,257	27.2%	-1.0%
MG	662	9.4%	1,840	24.7%	-64.0%	2,889	13.4%	4,745	24.5%	-39.1%
GWM	505	7.2%	0	0.0%	-%	2,029	9.4%	0	0.0%	-%
Nissan	340	4.8%	156	2.1%	117.9%	716	3.3%	310	1.6%	131.0%
Subaru	290	4.1%	330	4.4%	-12.1%	620	2.9%	946	4.9%	-34.5%
Peugeot	66	0.9%	51	0.7%	29.4%	209	1.0%	126	0.7%	65.9%
Hyundai	33	0.5%	1	0.0%	3200.0%	33	0.2%	1	0.0%	3200.0%
Mitsubishi	14	0.2%	47	0.6%	-70.2%	43	0.2%	255	1.3%	-83.1%
Lexus	0	0.0%	13	0.2%	-100.0%	0	0.0%	28	0.1%	-100.0%
SsangYong	0	0.0%	1	0.0%	-100.0%	0	0.0%	1	0.0%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	4	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	7,059	100.0%	7,459	100.0%	-5.4%	21,637	100.0%	19,357	100.0%	11.8%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Mar. 2022	Mar. 2021	Y-o-Y	Jan.-Mar. 2022	Jan.-Mar. 2021	Y-o-Y
1	Isuzu	D-Max	18,259	16,537	10.4%	47,220	47,913	-1.4%
2	Toyota	Hilux	15,407	13,547	13.7%	42,522	39,011	9.0%
3	Honda	City	5,636	4,479	25.8%	15,674	11,149	40.6%
4	Toyota	Yaris	3,273	2,646	23.7%	9,236	8,343	10.7%
5	Toyota	Fortuner	3,151	2,621	20.2%	8,391	7,534	11.4%
6	Ford	Ford Ranger	3,075	2,665	15.4%	8,520	7,777	9.6%
7	Mitsubishi	Triton (L200)	2,407	2,234	7.7%	6,779	6,690	1.3%
8	Toyota	Yaris ATIV	2,387	2,004	19.1%	6,723	6,421	4.7%
9	Honda	Civic	2,271	1,701	33.5%	5,690	5,563	2.3%
10	Toyota	Corolla Cross	2,204	2,185	0.9%	6,049	6,784	-10.8%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, February 2022

Mar 28, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

February vehicle sales in Thailand up 26.3%, production up 0.3% (detailed report)
According to the Federation of Thai Industries (FTI), February vehicle sales in Thailand increased 26.3% year over year (YoY) to 74,489 units thanks to the reopening of the country to international tourism, support measures from the government to encourage more economic activities and consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc. January - February sales were up 26.1% to 143,944 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in February, Toyota was up 57.2% to 24,998 units. Isuzu was up 22.6% to 20,193 units and Honda was down 21.3% to 7,090 units. Mitsubishi sales were up 26.4% to 4,604 units and Mazda sales were up 8.5% to 3,336 units. By body type, passenger cars were up 19.1% year over year to 22,590 units. Commercial vehicle sales were up 29.8% to 51,899 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 33.0% to 41,447 units.
The Isuzu D-Max was the best-selling model in February with 13,412 units, followed by Toyota Hilux with 12,689 units, Honda City with 4,897 units, Toyota Fortuner with 2,944 units and Toyota Yaris with 2,886 units.
The FTI announced that new vehicle production in February reached 155,660 units, up 0.3% from February 2021, supported by production of pickups for both domestic sales and exports which increased 27.8% and 11.0% YoY, respectively. January - February production was up 1.3% to 307,407 units.
Vehicle exports in February were at 79,451 units, decreased 0.02% YoY. Due to the suspension of some passenger car models’ production following semiconductor and other parts shortages, exports to Asia, Australia, Central America, and South America witnessed decline. The vehicle export value in February was THB 45.5 billion, up 5.7% year over year. Export value of Thailand-made engine and other auto parts in February 2022 still saw YoY growth as more overseas car factories have been reopened. Vehicle exports from January to February were down 2.8% to 149,284 units.
The Bangkok International Motor Show exhibition running from March 23 to April 3 with many promotional campaigns is expected to spur vehicle sales in March and April, especially the electrified vehicles.

Thailand - Production and Retail Sales of new vehicles

	Feb. 2022	Growth Y-o-Y (%)	Jan.-Feb. 2022	Growth YTD (%)
Production	155,660	0.3%	307,407	1.3%
Domestic Sales	74,489	26.3%	143,944	26.1%
Export (CBU)	79,451	0.0%	149,284	-2.8%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle retail sales by major makers

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Feb.	Share	Feb.	Share	Y-o-Y	Jan.-Feb.	Share	Jan.-Feb.	Share	Y-o-Y
Toyota *	24,998	33.6%	15,897	27.0%	57.2%	47,147	32.8%	33,655	29.5%	40.1%
Isuzu	20,193	27.1%	16,477	27.9%	22.6%	35,619	24.7%	31,725	27.8%	12.3%
Honda	7,090	9.5%	9,007	15.3%	-21.3%	15,615	10.8%	14,664	12.8%	6.5%
Mitsubishi	4,604	6.2%	3,642	6.2%	26.4%	9,438	6.6%	6,962	6.1%	35.6%
Mazda	3,336	4.5%	3,076	5.2%	8.5%	6,566	4.6%	6,246	5.5%	5.1%
MG	2,639	3.5%	2,405	4.1%	9.7%	5,853	4.1%	4,552	4.0%	28.6%
Nissan	2,379	3.2%	2,543	4.3%	-6.4%	4,892	3.4%	4,725	4.1%	3.5%
Ford	2,070	2.8%	2,601	4.4%	-20.4%	4,581	3.2%	4,908	4.3%	-6.7%
Suzuki	1,943	2.6%	1,484	2.5%	30.9%	3,794	2.6%	3,186	2.8%	19.1%
Hino	1,119	1.5%	1,056	1.8%	6.0%	2,162	1.5%	2,032	1.8%	6.4%
Others	4,118	5.5%	772	1.3%	433.4%	8,277	5.8%	1,513	1.3%	447.1%
Total	74,489	100.0%	58,960	100.0%	26.3%	143,944	100.0%	114,168	100.0%	26.1%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Feb.	Share	Feb.	Share	Y-o-Y	Jan.-Feb.	Share	Jan.-Feb.	Share	Y-o-Y
Toyota *	6,091	27.0%	4,056	21.4%	50.2%	11,541	25.1%	9,129	26.0%	26.4%
Honda	5,417	24.0%	7,868	41.5%	-31.2%	11,570	25.2%	12,394	35.3%	-6.6%
Mazda	2,042	9.0%	1,826	9.6%	11.8%	4,103	8.9%	3,605	10.3%	13.8%
Mitsubishi	1,756	7.8%	1,421	7.5%	23.6%	3,729	8.1%	2,631	7.5%	41.7%
Suzuki	1,693	7.5%	1,305	6.9%	29.7%	3,278	7.1%	2,839	8.1%	15.5%
Nissan	1,459	6.5%	1,803	9.5%	-19.1%	2,943	6.4%	3,353	9.6%	-12.2%
MG	1,137	5.0%	449	2.4%	153.2%	3,077	6.7%	766	2.2%	301.7%
GWM	218	1.0%	0	0.0%	-%	646	1.4%	0	0.0%	-%
Porsche	101	0.4%	113	0.6%	-10.6%	206	0.4%	206	0.6%	0.0%
KIA	99	0.4%	113	0.6%	-12.4%	190	0.4%	121	0.3%	57.0%
Ford	4	0.0%	9	0.0%	-55.6%	10	0.0%	11	0.0%	-9.1%
Subaru	0	0.0%	0	0.0%	-%	1	0.0%	5	0.0%	-80.0%
Hyundai	0	0.0%	0	0.0%	-%	0	0.0%	2	0.0%	-100.0%
Others	2,573	11.4%	6	0.0%	42783.3%	4,661	10.1%	11	0.0%	42272.7%
Total	22,590	100.0%	18,969	100.0%	19.1%	45,955	100.0%	35,073	100.0%	31.0%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Feb.	Share	Feb.	Share	Y-o-Y	Jan.-Feb.	Share	Jan.-Feb.	Share	Y-o-Y
Isuzu	20,193	38.9%	16,477	41.2%	22.6%	35,619	36.3%	31,725	40.1%	12.3%
Toyota *	18,907	36.4%	11,841	29.6%	59.7%	35,606	36.3%	24,526	31.0%	45.2%
Mitsubishi	2,848	5.5%	2,221	5.6%	28.2%	5,709	5.8%	4,331	5.5%	31.8%
Ford	2,066	4.0%	2,592	6.5%	-20.3%	4,571	4.7%	4,897	6.2%	-6.7%
Honda	1,673	3.2%	1,139	2.8%	46.9%	4,045	4.1%	2,270	2.9%	78.2%
MG	1,502	2.9%	1,956	4.9%	-23.2%	2,776	2.8%	3,786	4.8%	-26.7%
Mazda	1,294	2.5%	1,250	3.1%	3.5%	2,463	2.5%	2,641	3.3%	-6.7%
Hino	1,119	2.2%	1,056	2.6%	6.0%	2,162	2.2%	2,032	2.6%	6.4%
Nissan	920	1.8%	740	1.9%	24.3%	1,949	2.0%	1,372	1.7%	42.1%
GWM	655	1.3%	0	0.0%	-%	1,524	1.6%	0	0.0%	-%
Suzuki	250	0.5%	179	0.4%	39.7%	516	0.5%	347	0.4%	48.7%
Hyundai	215	0.4%	210	0.5%	2.4%	545	0.6%	412	0.5%	32.3%
Subaru	173	0.3%	260	0.7%	-33.5%	330	0.3%	616	0.8%	-46.4%
Peugeot	63	0.1%	35	0.1%	80.0%	143	0.1%	75	0.1%	90.7%
KIA	1	0.0%	10	0.0%	-90.0%	1	0.0%	16	0.0%	-93.8%
TATA	0	0.0%	10	0.0%	-100.0%	0	0.0%	19	0.0%	-100.0%
Others	20	0.0%	15	0.0%	33.3%	30	0.0%	30	0.0%	0.0%
Total	51,899	100.0%	39,991	100.0%	29.8%	97,989	100.0%	79,095	100.0%	23.9%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Feb.	Share	Feb.	Share	Y-o-Y	Jan.-Feb.	Share	Jan.-Feb.	Share	Y-o-Y
Isuzu	18,689	45.1%	15,400	49.4%	21.4%	32,832	43.0%	29,598	48.3%	10.9%
Toyota	16,736	40.4%	9,781	31.4%	71.1%	31,100	40.7%	20,275	33.1%	53.4%
Mitsubishi	2,830	6.8%	2,169	7.0%	30.5%	5,680	7.4%	4,123	6.7%	37.8%
Ford	2,066	5.0%	2,592	8.3%	-20.3%	4,571	6.0%	4,897	8.0%	-6.7%
Nissan	721	1.7%	615	2.0%	17.2%	1,539	2.0%	1,137	1.9%	35.4%
MG	331	0.8%	492	1.6%	-32.7%	549	0.7%	879	1.4%	-37.5%
Mazda	74	0.2%	113	0.4%	-34.5%	138	0.2%	355	0.6%	-61.1%
TATA	0	0.0%	7	0.0%	-100.0%	0	0.0%	12	0.0%	-100.0%
Total	41,447	100.0%	31,169	100.0%	33.0%	76,409	100.0%	61,276	100.0%	24.7%

SUV

Maker/Brand	2022		2021		Y-o-Y	2022		2021		Y-o-Y
Maker/Brand	Feb.	Share	Feb.	Share	Y-o-Y	Jan.-Feb.	Share	Jan.-Feb.	Share	Y-o-Y
Toyota	1,729	25.1%	1,682	28.8%	2.8%	3,579	24.6%	3,364	28.3%	6.4%
Honda	1,673	24.3%	1,139	19.5%	46.9%	4,045	27.7%	2,270	19.1%	78.2%
Mazda	1,220	17.7%	1,137	19.4%	7.3%	2,325	15.9%	2,286	19.2%	1.7%
MG	1,171	17.0%	1,462	25.0%	-19.9%	2,227	15.3%	2,905	24.4%	-23.3%
GWM	655	9.5%	0	0.0%	-%	1,524	10.5%	0	0.0%	-%
Nissan	180	2.6%	81	1.4%	122.2%	376	2.6%	154	1.3%	144.2%
Subaru	173	2.5%	260	4.4%	-33.5%	330	2.3%	616	5.2%	-46.4%
Peugeot	63	0.9%	35	0.6%	80.0%	143	1.0%	75	0.6%	90.7%
Mitsubishi	18	0.3%	52	0.9%	-65.4%	29	0.2%	208	1.7%	-86.1%
Lexus	0	0.0%	0	0.0%	-%	0	0.0%	15	0.1%	-100.0%
Suzuki	0	0.0%	0	0.0%	-%	0	0.0%	4	0.0%	-100.0%
KIA	0	0.0%	0	0.0%	-%	0	0.0%	1	0.0%	-100.0%
Total	6,882	100.0%	5,848	100.0%	17.7%	14,578	100.0%	11,898	100.0%	22.5%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Feb. 2022	Feb. 2021	Y-o-Y	Jan.-Feb. 2022	Jan.-Feb. 2021	Y-o-Y
1	Isuzu	D-Max	13,412	13,928	-3.7%	28,961	31,376	-7.7%
2	Toyota	Hilux	12,689	11,726	8.2%	27,115	25,464	6.5%
3	Honda	City	4,897	3,011	62.6%	10,038	6,670	50.5%
4	Toyota	Fortuner	2,944	2,120	38.9%	5,240	4,913	6.7%
5	Toyota	Yaris	2,886	2,532	14.0%	5,963	5,697	4.7%
6	Ford	Ford Ranger	2,789	2,400	16.2%	5,445	5,112	6.5%
7	Mitsubishi	Triton (L200)	2,184	1,945	12.3%	4,372	4,456	-1.9%
8	Toyota	Yaris ATIV	2,090	1,887	10.8%	4,336	4,417	-1.8%
9	Toyota	Corolla Cross	1,981	2,079	-4.7%	3,845	4,599	-16.4%
10	Honda	Civic	1,771	1,749	1.3%	3,419	3,862	-11.5%

Source: MarkLines Data Center

2019 2020 2021 2022 2023 2024

Flash report, January 2022

Mar 1, 2022

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

January vehicle sales in Thailand up 25.8%, production up 2.5% (detailed report)
According to the Federation of Thai Industries (FTI), January vehicle sales in Thailand increased 25.8% year over year (YoY) to 69,455 units. The FTI attributed this YoY growth to the country’s reopening and COVID-19 lockdown easing from 2021, the support measures from the government to encourage consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc. The upcoming Bangkok International Motor Show exhibition in March – April is expected to help driving sales growth during the first quarter of 2022.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in January, Toyota was up 24.7% to 22,149 units. Isuzu was up 1.2% to 15,426 units and Honda was up 50.7% to 8,525 units. Mitsubishi sales were up 45.6% to 4,834 units and Mazda sales were up 1.9% to 3,230 units. By body type, passenger cars were up 45.1% year over year to 23,365 units. Commercial vehicle sales were up 17.9% to 46,090 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 16.1% to 34,962 units.
The Isuzu D-Max was the best-selling model in January with 15,549 units, followed by Toyota Hilux with 14,426 units, Honda City with 5,141 units, Toyota Yaris with 3,077 units and Ford Ranger with 2,656 units.
The FTI announced that new vehicle production in January reached 151,747 units, supported by vehicle production for domestic sales which climbed over 19% YoY and contributed 49.2% of total production volume.
Vehicle exports in January were at 69,833 units, decreased 5.8% YoY. Exports decreased in almost all trading countries due to the semiconductor shortage issue, except for Australia, Central, and South American markets. The vehicle export value in January was THB 42.8 billion, up 3.2% year over year. Export value of Thailand-made engine and other auto parts in January 2022 saw YoY growth.
The Federation of Thai Industries (FTI) forecasts that 2022 vehicle production in Thailand is expected to increase 6.8% to 1.8 million units, of which 1 million units will be production for exports (up 4.5%), while 800,000 vehicles will be produced for domestic sales (up 9.7%).

Thailand - Production and Sales of new vehicles

	Jan. 2022	Growth Y-o-Y (%)
Production	151,747	2.5%
Domestic Sales	69,455	25.8%
Export (CBU)	69,833	-5.8%

Source: FTI (Federation of Thai Industries), various media reports

New vehicle sales by major makers

Maker/Brand	2022		2021		Y-o-Y
Maker/Brand	Jan.	Share	Jan.	Share	Y-o-Y
Toyota *	22,149	31.9%	17,758	32.2%	24.7%
Isuzu	15,426	22.2%	15,248	27.6%	1.2%
Honda	8,525	12.3%	5,657	10.2%	50.7%
Mitsubishi	4,834	7.0%	3,320	6.0%	45.6%
Mazda	3,230	4.7%	3,170	5.7%	1.9%
MG	3,214	4.6%	2,147	3.9%	49.7%
Nissan	2,513	3.6%	2,182	4.0%	15.2%
Ford	2,511	3.6%	2,307	4.2%	8.8%
Suzuki	1,851	2.7%	1,702	3.1%	8.8%
GWM	1,297	1.9%	0	0.0%	-%
Others	3,905	5.6%	1,717	3.1%	127.4%
Total	69,455	100.0%	55,208	100.0%	25.8%

* Includes sales volume of the Lexus.

Passenger Cars

Maker/Brand	2022		2021		Y-o-Y
Maker/Brand	Jan.	Share	Jan.	Share	Y-o-Y
Honda	6,153	26.3%	4,526	28.1%	35.9%
Toyota *	5,450	23.3%	5,073	31.5%	7.4%
Mazda	2,061	8.8%	1,779	11.0%	15.9%
Mitsubishi	1,973	8.4%	1,210	7.5%	63.1%
MG	1,940	8.3%	317	2.0%	512.0%
Suzuki	1,585	6.8%	1,534	9.5%	3.3%
Nissan	1,484	6.4%	1,550	9.6%	-4.3%
GWM	428	1.8%	0	0.0%	-%
Porsche	105	0.4%	93	0.6%	12.9%
KIA	91	0.4%	8	0.0%	1037.5%
Ford	6	0.0%	2	0.0%	200.0%
Subaru	1	0.0%	5	0.0%	-80.0%
Hyundai	0	0.0%	2	0.0%	-100.0%
Others	2,088	8.9%	5	0.0%	41660.0%
Total	23,365	100.0%	16,104	100.0%	45.1%

* Includes sales volume of the Lexus.

Commercial vehicles (incl. 1-ton pickups and SUVs)

Maker/Brand	2022		2021		Y-o-Y
Maker/Brand	Jan.	Share	Jan.	Share	Y-o-Y
Toyota *	16,699	36.2%	12,685	32.4%	31.6%
Isuzu	15,426	33.5%	15,248	39.0%	1.2%
Mitsubishi	2,861	6.2%	2,110	5.4%	35.6%
Ford	2,505	5.4%	2,305	5.9%	8.7%
Honda	2,372	5.1%	1,131	2.9%	109.7%
MG	1,274	2.8%	1,830	4.7%	-30.4%
Mazda	1,169	2.5%	1,391	3.6%	-16.0%
Hino	1,043	2.3%	976	2.5%	6.9%
Nissan	1,029	2.2%	632	1.6%	62.8%
GWM	869	1.9%	0	0.0%	-%
Hyundai	330	0.7%	202	0.5%	63.4%
Suzuki	266	0.6%	168	0.4%	58.3%
Subaru	157	0.3%	356	0.9%	-55.9%
Peugeot	80	0.2%	40	0.1%	100.0%
TATA	0	0.0%	9	0.0%	-100.0%
KIA	0	0.0%	6	0.0%	-100.0%
Others	10	0.0%	15	0.0%	-33.3%
Total	46,090	100.0%	39,104	100.0%	17.9%

* Includes sales volume of the Lexus.

1-ton pickups (incl. PPV)

Maker/Brand	2022		2021		Y-o-Y
Maker/Brand	Jan.	Share	Jan.	Share	Y-o-Y
Toyota	14,364	41.1%	10,494	34.9%	36.9%
Isuzu	14,143	40.5%	14,198	47.2%	-0.4%
Mitsubishi	2,850	8.2%	1,954	6.5%	45.9%
Ford	2,505	7.2%	2,305	7.7%	8.7%
Nissan	818	2.3%	522	1.7%	56.7%
MG	218	0.6%	387	1.3%	-43.7%
Mazda	64	0.2%	242	0.8%	-73.6%
TATA	0	0.0%	5	0.0%	-100.0%
Total	34,962	100.0%	30,107	100.0%	16.1%

SUV

Maker/Brand	2022		2021		Y-o-Y
Maker/Brand	Jan.	Share	Jan.	Share	Y-o-Y
Honda	2,372	30.8%	1,131	18.7%	109.7%
Toyota	1,850	24.0%	1,682	27.8%	10.0%
Mazda	1,105	14.4%	1,149	19.0%	-3.8%
MG	1,056	13.7%	1,443	23.9%	-26.8%
GWM	869	11.3%	0	0.0%	-%
Nissan	196	2.5%	73	1.2%	168.5%
Subaru	157	2.0%	356	5.9%	-55.9%
Peugeot	80	1.0%	40	0.7%	100.0%
Mitsubishi	11	0.1%	156	2.6%	-92.9%
Lexus	0	0.0%	15	0.2%	-100.0%
Suzuki	0	0.0%	4	0.1%	-100.0%
KIA	0	0.0%	1	0.0%	-100.0%
Total	7,696	100.0%	6,050	100.0%	27.2%

Source: Toyota Motor Thailand Co., Ltd. (TMT)
* Y-o-Y is based on MarkLines' own calculation.

Thailand - Top 10 best selling models

-	Maker/Brand	Model	Jan. 2022	Jan. 2021	Y-o-Y
1	Isuzu	D-Max	15,549	17,448	-10.9%
2	Toyota	Hilux	14,426	13,738	5.0%
3	Honda	City	5,141	3,659	40.5%
4	Toyota	Yaris	3,077	3,165	-2.8%
5	Ford	Ford Ranger	2,656	2,712	-2.1%
6	Toyota	Fortuner	2,296	2,793	-17.8%
7	Toyota	Yaris ATIV	2,246	2,530	-11.2%
8	Mitsubishi	Triton (L200)	2,188	2,511	-12.9%
9	Toyota	Corolla Cross	1,864	2,520	-26.0%
10	Mazda	Demio (Mazda 2)	1,810	2,609	-30.6%

Source: MarkLines Data Center

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