its.Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Negara's decision to maintain the OPR at 3% at its recent Monetary Policy Committeemeeting, a healthy bac...

Automotive Production Data  Updated at: 2025/02/28

) sales included in the commercial vehicle sales were down 34.7% to 14,435 units. The difficulty in getting auto loans approved under financial institutions’ strict conditions is still the key reason for the sales decline. Thailand’s economic growth slowed. The household debt ratio was 89.6% of GDP (as of Q2/2024), while non-performing loans in the automotive sector continued to increase. The FTI added that a satisfying number of car bookings...

Automotive Production Data  Updated at: 2025/02/25

ger car production was up 10.7% to 365,401 units, commercial vehicle was up 14.3% to 46,927 units.Mike Hawes, CEO of SMMT said "Another month of growth for UK car production is good news and a sign that, despite challenging economic conditions, the industry’s foundations are strong. But with weak GDP growth, high inflation and rising interest rates, it’s crucial that UK car factories stay globally competitive. All political parties must recog...

Automotive Production Data  Updated at: 2024/03/01

in Thailand decreased 17.5% year over year to 68,326 units. The negative factors mentioned by the FTI included the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions. Household debt level has already exceeded 90% of the country's GDP. There was also an economic slowdown and a delay in the 2024 fiscal budget. 2023 full year vehicle sales in Thailand decreased 8.7% year over year...

Automotive Production Data  Updated at: 2024/02/22

ble at 1.1 million units, while the local market is expected to rise by 2% to 870,000 units.The club is concerned about the global economic outlook, which remains uncertain, especially in regard to non-tariff barriers from each country. The outlook for the domestic market is positive. A strong Thai GDP, projected to grow by 3.8-4% next year, will drive the car market,  although the growth pace may be slower than in 2017. Thailand - Production an...

Automotive Production Data  Updated at: 2018/07/25

Ford and Hyundai at 4th and 5th place, respectively.The five leading sellers in May were the Chevrolet Onix, Ford Ka, Hyundai HB20, Renault Sandero, and Volkswagen Gol.Fenabrave projects that passenger car and light commercial vehicles sales in 2017 will increase by 2.0%.The Gross Domestic Product (GDP) increased 1.0% in the first quarter compared to the fourth quarter of 2016 and consumer confidence is increasing. Automobile production, sales, e...

Automotive Production Data  Updated at: 2018/07/25