September vehicle sales in Thailand up 21.9%, September production up 9.9% [ Thailand ]
According to MarkLines Data Center, September vehicle sales in Thailand increased 21.9% year on year to 77,592 units. January - September sales were up 11.5% to 620,709 units.
By brand sales in September, Toyota was down 6.7% to 20,621 units. Isuzu was up 61.0% to 16,784 units and Honda was up 20.5% to 10,630 units. Mitsubishi sales were up 25.4% to 5,567 units, and Nissan sales were up 93.9% to 5,183 units.
By body type, passenger car sales were up 14.9% year over year to 29,474 units, while commercial vehicle sales were up 26.6% to 48,118 units. Pickup sales included in the commercial vehicle sales were up 23.8% to 37,967 units.
Each car distributor is featuring promotional campaigns and the Thailand International Motor Expo will run from Nov 30 to Dec 11. The local economic sentiment is viewed as strong enough to drive the car market, FTI said that with all positive factors including higher crop prices, growing tourism, rising exports, recovering private investment and acceleration of state budget disbursement, FTI projects sales volume of 245,000 units in the fourth quarter, bringing full-year car sales to 850,000-860,000 units, higher than the FTI's forecasts of 830,000 units.
FTI announced that new vehicle production in September was 190,272 units, a 9.9% increase year on year. January - September production was up 0.1% to 1,477,744 units. FTI expects total car output will grow to 1.978 million units in 2017, higher than its target of 1.93 million units, and reach at 2 million units in 2018.
Vehicle exports in September were up 7.2% to 120,654 units, for the first time in 24 months as shipments for Middle East grew after a few year's shrinking. Vehicle exports from January to September were down 5.6% to 849,982 units.