March vehicle sales in Thailand up 16.7%, March production down 7.3% [ Thailand ]
According to MarkLines Data Center, March vehicle sales in Thailand increased 16.7% year on year to 84,801 units.
By brand sales in March, Toyota was up 4.8% to 22,022 units. Isuzu was up 22.6% to 16,184 units and Honda was up 11.2% to 12,618 units. Mitsubishi sales were down 0.7% to 6,913 units, and Nissan sales were up 33.4% to 6,465 units.
By body type, passenger cars were up 40.9% year over year to 33,482 units thanks to active launches of new models by carmakers.
Commercial vehicle sales were up 5.0% to 51,319 units. Pickup sales included in the commercial vehicle sales were up 7.8% to 41,964 units.
Car sales from January to March stood at 210,490 units, up 15.9%. The Federation of Thai Industries (FTI) said that the market sentiment in Thailand is now very good thanks to higher farm product prices, the government's accelerated spending on megaprojects and the healthy tourism industry.
New vehicle production in March decreased 7.3% to 178,798 units, while exports decreased 3.1% to 105,967 units. The FTI is maintaining its export forecast of 1.2 million cars in 2017, adding that a revision of the car export forecast is likely in July.