MarkLines Automotive Information Platform

ASEAN Vehicle Sales and Production Update (Q4 2023)

and 17.5% (YoY), respectively. In 2023, vehicle sales stood at 775,780 units, or an 8.7% drop YoY. While sales of passenger cars in 2023 recorded a YoY growth, sales of pure pickup and sales of 5–10-ton trucks witnessed a double-digit decline of 31.8% and 11.4%, respectively. According to the FTI, the increased auto loan rejection rates, especially of pickup trucks, with stringent requirements of financial institutions are mainly to blame f...

Market & Tech Reports Updated at: 2024/02/16

ASEAN Vehicle Sales and Production Update (Q4 2022)

and 2.7%, accordingly, thanks to the availability of more auto parts, especially semiconductors. With 190,155 vehicles in November 2022 marked the highest monthly production figure in 44 months. In 2022, vehicle production rose 11.7% to 1,883,515 units, exceeding the pre-adjusted projection of the FTI, which was initially set at 1.8 million units. In 2023, the FTI expected local car production to grow 3.5% to reach 1.95 million units (1.05 mi...

Market & Tech Reports Updated at: 2023/02/15

Thailand: EV subsidies and tax incentives, Chinese OEMs launching budget EVs

s Production in January-October 2022 increases 12.4% to 1.54 million units Exports in January-October grow 5.5% to 801k units, exports to Europe drop significantly Thai auto market: Sales of passenger cars and commercial vehicles grow 24.0% and 7.9%, respectively, in January-October 2022 Production Forecast by LMC Automotive: Thai production expected to be 2.20 million units in 2025 Great Wall Motor’s ORA Grand Cat premium coupe EV(exhib...

Market & Tech Reports Updated at: 2022/12/12

ASEAN Vehicle Sales and Production Update (Q4 2021)

ed the highest monthly figure in 2021 with 165,353 units (down 4.1% YoY), while vehicle output in October and December saw YoY increase of 3.3% and 7.9%, respectively. Car production reached a total of 1,685,705 units in 2021, climbing 18.1% from 2020 and surpassing the 1.6 million production units forecasted by the FTI, which in large measure was aided by the easing of both lockdown restrictions (from September 1) and the chip shortage situation...

Market & Tech Reports Updated at: 2022/02/09

Thai government approves nine OEMs’ investment projects for electrified vehicles

auto market: sales of pickup trucks grow 20.6%; SUVs increase 43.8% SUBARU starts local production with Tan Chong; CV manufacturers to build new facilities Recent activities of Toyota, Honda, Mitsubishi, Nissan, Suzuki, GM, Mercedes-Benz and BMW (Appendix) Major OEMs' plants in Thailand Production forecast by LMC Automotive: Thai light vehicle production to increase to 2.32 million units in 2022 In 2018, Thai vehicle production increased to ...

Market & Tech Reports Updated at: 2019/07/08

Thai production expected to increase 2.6% to 2 million units in 2017

starts operations at new plant while integrating production lines at existing plant Recent activities of Toyota, Honda, Mitsubishi, Nissan, and Subaru Recent activities of GM, BMW, and VW Commercial vehicle manufacturers: recent activities of Beiqi Foton Motor and Dongfeng CV (Appendix) Production forecast by LMC Automotive: Thai production expected to reach 2.37 million units in 2020 Thai vehicle production, exports and sales 2016 sales i...

Market & Tech Reports Updated at: 2017/01/30

Thailand Market Analysis: SUV market healthy, further recovery expected in 2017

er thanks to a boost from exports, leading to y/y growth of 1.8% in 2015 to 1.913 million vehicles. Growth has continued in 2016, and production is expected to reach 2 million vehicles for the first time in three years. Thai vehicle production, exports, and sales 2011 2012 2013 2014 2015 2016forecast Jun.-July 2015 2016 Production 1,457,795 2,453,717 2,457,057 1,880,007 1,913,002 2.00 million units 1,101,114 1,147,330 Exports 735,6...

Market & Tech Reports Updated at: 2016/09/21