Thailand - Automotive Production volume, 2022



Flash report, Automotive Production volume, 2022

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

Flash report, June 2022

Jul 25, 2022

*There 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.


June vehicle sales in Thailand up 4.6%, production up 6.5% (detailed report)
According to the Federation of Thai Industries (FTI), June vehicle sales in Thailand increased 4.6% year over year (YoY) to 67,952 units as further lockdown easements were announced and thanks to the reopening of the country to more international tourism and more investors from overseas countries, as well as other support measures from the government to encourage more economic activities and consumer spending. Vehicle sales in January-June 2022 up 14.5% to 427,399 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in June, Toyota was down 5.9% to 21,026 units. Isuzu was up 42.9% to 20,146 units and Mitsubishi was up 22.1% to 4,815 units. Honda sales were down 40.1% to 4,395 units and Mazda sales were up 6.5% to 3,199 units. By body type, passenger cars were down 13.0% year over year to 19,598 units. Commercial vehicle sales were up 13.9% to 48,354 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 13.4% to 37,619 units.
The Isuzu D-Max was the best-selling model in June with 16,481 units, followed by Toyota Hilux with 12,757 units, Honda City with 3,697 units, Toyota Yaris with 2,715 units and Toyota Fortuner with 2,458 units.
The FTI announced that new vehicle production in June reached 143,016 units, up 6.5% from June 2021. In the month of June alone, car production of domestic sales contributed 50.35%, while production for exports contributed 49.65%. Vehicle production in the first 6 months of 2022 increased 3.0% YoY to 870,111 units.
Vehicle exports in the month of June decreased 11.0% YoY to 73,887 units. Car exports to Asia, Australia, Europe, and North America witnessed YoY decline. The vehicle export value in June was THB 42.8 billion, down 13.2% year over year. In the first 6 months of 2022, vehicle exports from Thailand declined 5.0% YoY to 449,644 units.

Thailand - Production and Retail Sales of new vehicles

Jun.
2022
Growth
Y-o-Y (%)
Jan.-Jun.
2022
Growth
YTD (%)
Production 143,016 6.5% 870,111 3.0%
Domestic Sales 67,952 4.6% 427,399 14.5%
Export (CBU) 73,887 -11.0% 449,644 -5.0%
Source: FTI (Federation of Thai Industries), various media reports



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Flash report, May 2022

Jun 23, 2022

*There 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.


May vehicle sales in Thailand up 15.7%, production down 7.8% (detailed report)
According to the Federation of Thai Industries (FTI), May vehicle sales in Thailand increased 15.7% year over year (YoY) to 64,735 units as further lockdown easements were announced and thanks to the reopening of the country to international tourism. However, FTI expressed concern over the rising oil prices, Thai baht depreciation, as well as the rising household debt, which could reduce purchasing power of the customers. Vehicle sales in January-May 2022 up 16.6% to 359,351 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in May, Toyota was up 12.2% to 22,181 units. Isuzu was up 5.8% to 15,728 units and Honda was up 0.7% to 5,035 units. Mitsubishi sales were up 39.0% to 4,714 units and Mazda sales were up 7.1% to 3,005 units. By body type, passenger cars were up 29.0% year over year to 20,084 units. Commercial vehicle sales were up 10.6% to 44,651 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 6.4% to 33,822 units.
The Isuzu D-Max was the best-selling model in May with 16,950 units, followed by Toyota Hilux with 13,504 units, Honda City with 4,508 units, Toyota Yaris with 2,801 units and Ford Ranger with 2,596 units.
The FTI announced that new vehicle production in May reached 129,231 units, down 7.8% from May 2021. In the month of May alone, car production of domestic sales contributed 49.05%, while production for exports contributed 50.95%. Vehicle production in the first 5 months of 2022 increased 2.4% YoY to 727,095 units.
Vehicle exports in the month of May decreased 3.2% YoY to 76,937 units. Car exports to Asia and Europe witnessed YoY decline. The vehicle export value in May was THB 46.2 billion, down 4.5% year over year. In the first 5 months of 2022, vehicle exports from Thailand declined 3.8% YoY to 375,757 units.

Thailand - Production and Retail Sales of new vehicles

May
2022
Growth
Y-o-Y (%)
Jan.-May
2022
Growth
YTD (%)
Production 129,231 -7.8% 727,095 2.4%
Domestic Sales 64,735 15.7% 359,351 16.6%
Export (CBU) 76,937 -3.2% 375,757 -3.8%
Source: FTI (Federation of Thai Industries), various media reports



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Flash report, April 2022

May 23, 2022

*There 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.

April vehicle sales in Thailand up 9.1%, production up 12.9% (detailed report)
According to the Federation of Thai Industries (FTI), April vehicle sales in Thailand increased 9.1% year over year (YoY) to 63,427 units as further lockdown easements were announced, more vehicles reserved at the Bangkok International Motor Show (ended on April 3) have been delivered, and thanks to the reopening of the country to international tourism. Vehicle sales in January-April 2022 up 16.8% to 294,616 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in April, Toyota was up 13.2% to 21,681 units. Isuzu was up 11.0% to 16,595 units and Honda was down 5.8% to 5,107 units. Mitsubishi sales were down 5.8% to 3,870 units and Mazda sales were down 24.7% to 2,753 units. By body type, passenger cars were up 20.6% year over year to 20,492 units. Commercial vehicle sales were up 4.4% to 42,935 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 3.1% to 33,629 units.
The Isuzu D-Max was the best-selling model in April with 15,050 units, followed by Toyota Hilux with 11,181 units, Honda City with 4,124 units, Toyota Yaris with 2,485 units and Ford Ranger with 2,275 units.
The FTI announced that new vehicle production in April reached 117,786 units, up 12.9% from April 2021. In the month of April alone, car production of domestic sales grew 32.3% YoY, while production for exports went 1.7% down YoY as the effects of chips/other auto parts shortage in some car models continued. Vehicle production in the first 4 months of 2022 up 4.9% YoY to 597,864 units.
Vehicle exports in the month of April recorded YoY growth for the first time in 2022 with 55,696 units, rose 5.3% YoY. Amid the growing demand for pickup trucks, exports to Asia, the Middle East, North America, Central America, and South America also escalated YoY. The vehicle export value in April was THB 33.5 billion, up 11.3% year over year. In the first 4 months of 2022, vehicle exports from Thailand declined 3.9% YoY to 298,820 units.


Thailand - Production and Retail Sales of new vehicles

Apr.
2022
Growth
Y-o-Y (%)
Jan.-Apr.
2022
Growth
YTD (%)
Production 117,786 12.9% 597,864 4.9%
Domestic Sales 63,427 9.1% 294,616 16.8%
Export (CBU) 55,696 5.3% 298,820 -3.9%
Source: FTI (Federation of Thai Industries), various media reports



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Flash report, March 2022

Apr 26, 2022

*There 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.


March vehicle sales in Thailand up 9.1%, production up 6.2% (detailed report)
According to the Federation of Thai Industries (FTI), March vehicle sales in Thailand increased 9.1% year over year (YoY) to 87,245 units thanks to the reopening of the country to international tourism, support measures from the government to encourage more economic activities and consumer spending. The Bangkok International Motor Show which recorded sales of over 33,000 cars and motorcycles also helped driving sales in March and April. January - March sales were up 19.1% to 231,189 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in March, Toyota was up 34.7% to 29,997 units. Isuzu was up 24.4% to 21,801 units and Honda was down 2.8% to 10,009 units. Mitsubishi sales were down 9.5% to 4,637 units and Mazda sales were down 1.1% to 4,594 units. By body type, passenger cars were down 1.4% year over year to 29,771 units. Commercial vehicle sales were up 15.4% to 57,474 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 21.7% to 46,363 units.
The Isuzu D-Max was the best-selling model in March with 18,259 units, followed by Toyota Hilux with 15,407 units, Honda City with 5,636 units, Toyota Yaris with 3,273 units and Toyota Fortuner with 3,151 units.
The FTI announced that new vehicle production in March reached 172,671 units, up 6.2% from March 2021, supported by production of domestic sales which increased 32.2% YoY, mainly to serve demand from the Bangkok International Motor Show and during the public holidays in April. However, production for exports declined 11.4% in March as production of passenger cars continued to be impacted by shortage of chips and other auto parts in some car models. January - March production was up 3.1% to 480,078 units.
Vehicle exports in March were at 93,840 units, decreased 10.2% YoY. Due to the suspension of some passenger car models’ production following semiconductor and other parts shortages, exports to Asia, Australia, and Europe witnessed decline. The vehicle export value in March was THB 55.9 billion, down 4.4% year over year. Vehicle exports from January to March were down 5.8% to 243,124 units.

Thailand - Production and Retail Sales of new vehicles

Mar.
2022
Growth
Y-o-Y (%)
Jan.-Mar.
2022
Growth
YTD (%)
Production 172,671 6.2% 480,078 3.1%
Domestic Sales 87,245 9.1% 231,189 19.1%
Export (CBU) 93,840 -10.2% 243,124 -5.8%
Source: FTI (Federation of Thai Industries), various media reports

* Data is updated regularly, these figures may change.


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Flash report, February 2022

Mar 24, 2022

*There 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.


February vehicle sales in Thailand up 26.3%, production up 0.3% (detailed report)
According to the Federation of Thai Industries (FTI), February vehicle sales in Thailand increased 26.3% year over year (YoY) to 74,489 units thanks to the reopening of the country to international tourism, support measures from the government to encourage more economic activities and consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc. January - February sales were up 26.1% to 143,944 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in February, Toyota was up 57.2% to 24,998 units. Isuzu was up 22.6% to 20,193 units and Honda was down 21.3% to 7,090 units. Mitsubishi sales were up 26.4% to 4,604 units and Mazda sales were up 8.5% to 3,336 units. By body type, passenger cars were up 19.1% year over year to 22,590 units. Commercial vehicle sales were up 29.8% to 51,899 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 33.0% to 41,447 units.
The Isuzu D-Max was the best-selling model in February with 13,412 units, followed by Toyota Hilux with 12,689 units, Honda City with 4,897 units, Toyota Fortuner with 2,944 units and Toyota Yaris with 2,886 units.
The FTI announced that new vehicle production in February reached 155,660 units, up 0.3% from February 2021, supported by production of pickups for both domestic sales and exports which increased 27.8% and 11.0% YoY, respectively. January - February production was up 1.3% to 307,407 units.
Vehicle exports in February were at 79,451 units, decreased 0.02% YoY. Due to the suspension of some passenger car models’ production following semiconductor and other parts shortages, exports to Asia, Australia, Central America, and South America witnessed decline. The vehicle export value in February was THB 45.5 billion, up 5.7% year over year. Export value of Thailand-made engine and other auto parts in February 2022 still saw YoY growth as more overseas car factories have been reopened. Vehicle exports from January to February were down 2.8% to 149,284 units.
The Bangkok International Motor Show exhibition running from March 23 to April 3 with many promotional campaigns is expected to spur vehicle sales in March and April, especially the electrified vehicles.

Thailand - Production and Retail Sales of new vehicles

Feb.
2022
Growth
Y-o-Y (%)
Jan.-Feb.
2022
Growth
YTD (%)
Production 155,660 0.3% 307,407 1.3%
Domestic Sales 74,489 26.3% 143,944 26.1%
Export (CBU) 79,451 0.0% 149,284 -2.8%
Source: FTI (Federation of Thai Industries), various media reports



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Flash report, January 2022

Feb 25, 2022

*There 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.


January vehicle sales in Thailand up 25.8%, production up 2.5% (detailed report)
According to the Federation of Thai Industries (FTI), January vehicle sales in Thailand increased 25.8% year over year (YoY) to 69,455 units. The FTI attributed this YoY growth to the country’s reopening and COVID-19 lockdown easing from 2021, the support measures from the government to encourage consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc. The upcoming Bangkok International Motor Show exhibition in March – April is expected to help driving sales growth during the first quarter of 2022.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in January, Toyota was up 24.7% to 22,149 units. Isuzu was up 1.2% to 15,426 units and Honda was up 50.7% to 8,525 units. Mitsubishi sales were up 45.6% to 4,834 units and Mazda sales were up 1.9% to 3,230 units. By body type, passenger cars were up 45.1% year over year to 23,365 units. Commercial vehicle sales were up 17.9% to 46,090 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 16.1% to 34,962 units.
The Isuzu D-Max was the best-selling model in January with 15,549 units, followed by Toyota Hilux with 14,426 units, Honda City with 5,141 units, Toyota Yaris with 3,077 units and Ford Ranger with 2,656 units.
The FTI announced that new vehicle production in January reached 151,747 units, supported by vehicle production for domestic sales which climbed over 19% YoY and contributed 49.2% of total production volume.
Vehicle exports in January were at 69,833 units, decreased 5.8% YoY. Exports decreased in almost all trading countries due to the semiconductor shortage issue, except for Australia, Central, and South American markets. The vehicle export value in January was THB 42.8 billion, up 3.2% year over year. Export value of Thailand-made engine and other auto parts in January 2022 saw YoY growth.
The Federation of Thai Industries (FTI) forecasts that 2022 vehicle production in Thailand is expected to increase 6.8% to 1.8 million units, of which 1 million units will be production for exports (up 4.5%), while 800,000 vehicles will be produced for domestic sales (up 9.7%).

Thailand - Production and Sales of new vehicles

Jan. 2022 Growth
Y-o-Y (%)
Production 151,747 2.5%
Domestic Sales 69,455 25.8%
Export (CBU) 69,833 -5.8%
Source: FTI (Federation of Thai Industries), various media reports



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