nits of production to offset import obligations. The 2025 vehicle export decreased 8.2% to 935,750 units valued at THB 622 billion, down 11.1%.FTI anticipates growth of 3.1% in local car production in 2026 with 1.50 million units (950,000 units for exports and 500,000 units to be sold locally). TMT forecasts 2026 vehicle sales will increase 1.4% to 630,000 units. Thailand - Production and Retail Sales of new vehicles Dec. 2025 Dec. 2024 Growt...

Automotive Production Data  Updated at: 2026/02/24

nits of production to offset import obligations. The 2025 vehicle export decreased 8.2% to 935,750 units valued at THB 622 billion, down 11.1%.FTI anticipates growth of 3.1% in local car production in 2026 with 1.50 million units (950,000 units for exports and 500,000 units to be sold locally). TMT forecasts 2026 vehicle sales will increase 1.4% to 630,000 units. Thailand - Production and Retail Sales of new vehicles Dec. 2025 Dec. 2024 Growt...

Automotive Sales Data  Updated at: 2026/02/24

production in 2024 downward from 1.9 million units to 1.7 million units. The targeted vehicle production for exports stays at 1.15 million units, while production for local sales has been lowered from 750,000 units to 550,000 units. The (negative) factors affecting domestic sales, according to the FTI, are;  Household debt that has already exceeded 90% of Thailand’s GDP and the low household income following the slow economic growth. Foreign...

News  Updated at: 2024/07/25

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

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

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

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

he automotive industry to recover after exports slumped in 2019 because of a strong baht, adding that the automotive sector, which includes agricultural machinery, requires about 40% or 7.6 million tons of total production capacity from the nation's premium and commodity steel segment. According to FTI, in 2019, the automotive sector was forecast to bottom out, but sales are expected to pick up again in 2020. The automotive industry is the only s...

News  Updated at: 2020/01/07

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

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

are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data. Thai vehicle production tipped for 2.9% rise in 2017Thailand’s car production is forecast to continue accelerating this year – by 2.9% to 2 million units. The targeted production of 60% or 1.2 million units will be sold overseas....

Automotive Production Data  Updated at: 2017/01/20

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