December vehicle sales in Thailand down 14.4%, 2016 vehicle sales down 3.9% [ Thailand ]
According to MarkLines Data Center, December vehicle sales in Thailand decreased 14.4% year on year to 86,858 units.
2016 full year vehicle sales in Thailand decreased 3.9% year on year to 768,788 units.
By brand sales in 2016, Toyota was down 7.9% to 244,317 units. Isuzu was down 0.8% to 143,170 units and Honda was down 4.3% to 107,342 units. Mitsubishi sales were down 7.4% to 55,409 units, and Nissan sales were down 16.6% to 42,677 units.
New vehicle production in December decreased 11.1% to 135,792 units and the 2016 new vehicle production increased 1.6% to 1,944,417 units.
December new vehicle export decreased 0.6% to 86,120 units and the 2016 new vehicle export decreased 1.4% to 1,188,515 units.
The Federation of Thai Industries (FTI) forecasts that Thai domestic car sales are expected to rise to 800,000 units in 2017 due to the the expiry of the five-year lock-up period for vehicles bought under the first-time car buyer scheme. FTI estimates that vehicle exports will probably remain flat at 1.2 million units in 2017, and Thai automotive output will grow by 2.9% to 2 million units.