Thailand - Automotive production volume, 2021
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Flash report, Automotive production volume, 2021
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Flash report, December 2021
Jan 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.
2021 vehicle sales in Thailand down 4.2%, production up 18.1% (detailed report)
According to the Federation of Thai Industries (FTI), December vehicle sales in Thailand decreased 17.2% year over year to 86,145 units, though the highest monthly figure in 2021 with up 20.1% month-over-month. 2021 full year vehicle sales in Thailand declined 4.2% year over year to 759,119 units, caused by the lockdown measures to prevent the spread of COVID-19 as well as the global semiconductor shortage. Yet, the support measures from the government to encourage consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc., as well as the Thailand Motor Expo exhibition in December have pushed total vehicle sales in 2021 to surpass the FTI’s projection of 750,000 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in 2021, Toyota was down 1.9% to 239,723 units. Isuzu was up 1.6% to 184,160 units and Honda was down 4.7% to 88,692 units. Mitsubishi sales were down 17.8% to 47,188 units, and Mazda sales were down 9.9% to 35,384 units.
By body type sales in 2021, passenger cars were down 8.4% year over year to 251,800 units, while commercial vehicles were down 1.9% to 507,319 units. Pickup sales included in the commercial vehicle sales were down 3.9% to 393,476 units.
The Isuzu D-Max was the best-selling model in 2021 with 149,113 units, followed by Toyota Hilux with 130,829 units, Honda City with 42,485 units, Ford Ranger with 26,838 units and Toyota Yaris with 25,573 units.
New vehicle production in December increased 7.9% to 154,368 units and the 2021 new vehicle production increased 18.1% to 1,685,705 units.
Vehicle exports in December jumped 47.9% to 101,307 units, the highest in 9 months. Exports increased in almost all countries which are Thailand trading partners following the economic recovery, especially Australian market, as well as North, Central, and South American markets. The 2021 vehicle export increased 30.4% to 959,194 units valued at THB 561 billion, up 36.6%.
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 Retail Sales of new vehicles
| Dec. 2021 |
Growth Y-o-Y (%) |
Jan.-Dec. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 154,368 | 7.9% | 1,685,705 | 18.1% |
| Domestic Sales | 86,145 | -17.2% | 759,119 | -4.2% |
| Export (CBU) | 101,307 | 47.9% | 959,194 | 30.4% |
Flash report, November 2021
Dec 22 2021
*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.
November vehicle sales in Thailand down 3.2%, production down 4.1% (detailed report)
According to the Federation of Thai Industries (FTI), November vehicle sales in Thailand decreased 3.2% year over year (YoY) to 71,716 units and surged 11.3% month over mont (MoM) the announced lockdown relaxations, the country’s reopening, support measures from the government to encourage consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc. January - November sales were down 2.8% to 668,520 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in November, Toyota was down 9.9% to 23,168 units. Isuzu was up 7.2% to 18,419 units and Honda was down 4.3% to 8,624 units. Mitsubishi sales were down 8.5% to 4,404 units and Mazda sales were down 15.3% to 3,308 units. By body type, passenger cars were up 5.9% year over year to 23,793 units. Commercial vehicle sales were down 7.2% to 47,923 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were down 5.6% to 38,550 units.
The FTI announced that new vehicle production in November reached 165,353 units, the highest in 12 months, declined 4.1% from November 2020 but increased 7.4% MoM following the COVID-19 lockdown relaxations. Vehicle production for exports in November contributed 90,112 units or around 54.5%. January - November production was up 19.3% to 1,531,337 units.
Vehicle exports in November were at 98,829 units, increased 32.6% YoY and 21.2% MoM. Car exports increased in almost all countries which are Thailand trading partners in accordance with the global economic recovery. Export value of Thailand-made engine and other auto parts in November also increased YoY. The vehicle export value in November was THB 57.7 billion, up 35.3% year over year. Vehicle exports from January to November were up 28.6% to 857,887 units.
The FTI expects the 750,000 units of full year sales target for 2021 will be achieved. For 2022, the FTI forecasts domestic sales of 800,000 to 850,000 units, and vehicle exports of 900,000 to 950,000 units.
Thailand - Production and Retail Sales of new vehicles
| Nov. 2021 |
Growth Y-o-Y (%) |
Jan.-Nov. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 165,353 | -4.1% | 1,531,337 | 19.3% |
| Domestic Sales | 71,716 | -3.2% | 668,520 | -2.8% |
| Export (CBU) | 98,829 | 32.6% | 857,887 | 28.6% |
Flash report, October 2021
Nov 19, 2021
*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.
October vehicle sales in Thailand down 13.0%, production up 3.3% (detailed report)
According to the Federation of Thai Industries (FTI), October vehicle sales in Thailand decreased 13.0% year over year to 64,462 units and surged 13.4% MoM following the announced lockdown relaxation from September 1 and support measures from the government to encourage consumer spending, including the 50-50 copayment scheme and crop insurance scheme, etc. January - October sales were down 2.1% to 596,393 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in October, Toyota was down 11.1% to 22,845 units. Isuzu was down 10.3% to 15,411 units and Honda was down 20.3% to 7,183 units. Mitsubishi sales were down 14.8% to 4,100 units and MG sales were up 7.0% to 2,938 units. By body type, passenger cars were down 11.2% year over year to 19,950 units. Commercial vehicle sales were down 13.8% to 44,512 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were down 13.4% to 35,352 units.
The FTI announced that new vehicle production in October was 154,038 units, up 3.3% from October 2020 and increased 10.0% MoM as as local carmakers were able to import more chips and other auto parts from trading partner countries following their COVID-19 lockdown relaxations. Vehicle production for exports in October contributed 89,144 units or around 57.9%. January - October production was up 22.9% to 1,365,984 units.
Vehicle exports in October were at 81,577 units, jumped 14.3% YoY and 10.5% MoM. Car exports increased in almost all countries which are Thailand trading partners, except in Australia and Africa markets. Export value of Thailand-made engine and other auto parts in October also increased YoY. The vehicle export value in October was THB 47.8 billion, up 17.1% year over year. Vehicle exports from January to October were up 28.0% to 759,058 units.
The FTI earlier forecasted car production in Thailand to reach 1.55-1.6 million units, with 800,000-850,000 to be exported. On November 18, the FTI revealed that vehicle production for exports in 2021 may reach 870,000 units.
Thailand - Production and Retail Sales of new vehicles
| Oct. 2021 |
Growth Y-o-Y (%) |
Jan.-Oct. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 154,038 | 3.3% | 1,365,984 | 22.9% |
| Domestic Sales | 64,462 | -13.0% | 596,393 | -2.1% |
| Export (CBU) | 81,577 | 14.3% | 759,058 | 28.0% |
Flash report, September 2021
Oct 22, 2021
*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.
September vehicle sales in Thailand down 19.1%, production down 6.4% (detailed report)
According to the Federation of Thai Industries (FTI), September vehicle sales in Thailand decreased 19.1% year over year to 56,871 units but surged 34.8% MoM following the announced lockdown relaxation from September 1. More people visited car showrooms and made new car orders, while financial institutions became less strict in auto loan approval process. With semiconductors and other auto parts available, production of car models for domestic sales also increased. January - September sales were down 0.5% to 531,931 units.
According to data compiled by Toyota Motor Thailand (TMT), by maker sales in September, Toyota was down 15.9% to 19,971 units. Isuzu was down 11.6% to 13,649 units and Honda was down 30.5% to 6,311 units. Mitsubishi sales were down 27.9% to 3,504 units and Mazda sales were down 23.9% to 2,980 units. By body type, passenger cars were down 13.5% year over year to 25,255 units. Commercial vehicle sales were down 20.2% to 38,867 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were down 21.0% to 30,164 units.
The FTI announced that new vehicle production in September was 140,038 units, down 6.4% from September 2020 but increased 34.5% MoM as local carmakers were able to import more chips and other auto parts from trading partner countries following their COVID-19 lockdown relaxations. January - September production was up 25.9% to 1,211,946 units.
Vehicle exports in September were at 73,831 units, jumped 15.5% YoY and 23.9% MoM. Car exports increased in almost all countries which are Thailand trading partners, except in Asia and North America markets. Export value of Thailand-made engine and other auto parts in September also increased YoY. The vehicle export value in September was THB 44.8 billion, up 3.2% year over year. Vehicle exports from January to September were up 29.9% to 677,481 units.
On October 21, the FTI revealed that Thailand’s vehicle production in 2021 to surpass 1.6 million units targeted earlier, following the dropping COVID-19 cases and an easing of the chip shortage situation.
Thailand - Production and Retail Sales of new vehicles
| Sep. 2021 |
Growth Y-o-Y (%) |
Jan.-Sep. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 140,038 | -6.4% | 1,211,946 | 25.9% |
| Domestic Sales | 56,871 | -19.1% | 531,931 | -0.5% |
| Export (CBU) | 73,831 | 15.5% | 677,481 | 29.9% |
Flash report, August 2021
Sep 24, 2021
*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.
August vehicle sales in Thailand down 38.8%, production down 11.2% (detailed report)
According to MarkLines Data Center, August vehicle sales in Thailand decreased 38.8% year over year to 42,176 units, hitting the lowest in 15 months, and decreased 19.6% month over month. The drop was attributed to the COVID-19 lockdown from the mid-July to August, causing customers to be more cautious with their spending, as well as car deliveries’ postponement or cancelation. Other negative factors included lacking of some car models due to chips and other parts shortage. January - August sales were up 2.4% to 467,809 units.
By brand sales in August, Toyota was down 42.6% to 12,364 units. Isuzu was down 33.4% to 11,035 units and Honda was down 37.9% to 5,345 units. Mitsubishi sales were down 46.1% to 2,684 units and MG sales were down 20.3% to 2,187 units.
By body type, passenger cars were down 35.0% year over year to 13,845 units. Commercial vehicle sales were down 40.5% to 28,331 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were down 40.9% to 21,875 units.
The FTI announced that new vehicle production in August was 104,144 units, the lowest in 13 months, 11.2% decrease from August 2020. There is a shortage in semiconductors and other auto parts as the spread of coronavirus caused parts makers, both domestic and overseas, to temporarily close their plants. January - August production was up 31.9% to 1,071,908 units.
Vehicle exports in August were at 59,571 units, the lowest in 4 months, increased 3.8% year over year but down 15.6% month over month. According to FTI, production of some car models was suspended following chips and some parts shortage. Besides, with COVID-19 situation in Asia getting worse, vehicle exports to Asia and Australia/Oceania markets witnessed decline from the same period in 2020. However, as car production plants in some of Thailand’s trading partner countries have already started retuning to operation, Thailand’s exports of engine and other auto parts increased YoY. The vehicle export value in August was THB 35.7 billion, up 3.2% year over year. Vehicle exports from January to August were up 31.9% to 603,650 units.
On September 23, FTI revealed that its 2021 projection for domestic car sales of 750,000 units and vehicle exports target of 800,000-850,000 units are still maintained. FTI also keeps its vehicle production target of 1.55 million-1.6 million units. After the lockdown easing from September 1, clients began to visit showrooms. Auto centers started getting back to normal. According FTI’s auto industry club, Thailand International Motor Expo in December is expected to help raising sales in 2021.
Thailand - Production and Retail Sales of new vehicles
| Aug. 2021 |
Growth Y-o-Y (%) |
Jan.-Aug. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 104,144 | -11.2% | 1,071,908 | 31.9% |
| Domestic Sales | 42,176 | -38.8% | 467,809 | 2.4% |
| Export (CBU) | 59,571 | 3.8% | 603,650 | 31.9% |
Flash report, July 2021
Aug 26, 2021
*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.
July vehicle sales in Thailand down 11.6%, production up 37.5% (detailed report)
According to MarkLines Data Center, July vehicle sales in Thailand decreased 11.6% year over year to 52,442 units and 15.1% month over month. The drop was attributed to the COVID-19 lockdown from the mid of July, causing customers to be more cautious with their spending, as well as car deliveries’ postponement or cancelation. Other negative factors included the more strictness in auto loan approval process of financial institutions and lacking of some car models due to parts shortage. Current loan rejection rate is around 50%, up from 5-10% before pandemic.
January - July sales were up 9.7% to 425,633 units.
By maker sales in July, Toyota was down 2.9% to 17,040 units. Isuzu was down 11.6% to 13,680 units and Honda was up 15.3% to 6,958 units. Mitsubishi sales were down 34.9% to 3,205 units and MG sales were down 2.9% to 2,246 units.
By body type, passenger cars were down 9.8% year over year to 16,689 units. Commercial vehicle sales were down 12.4% to 35,753 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were down 15.0% to 27,816 units.
The FTI announced that new vehicle production in July was 122,852 units, 37.5% increase from the low figure in July 2020 amid the spread of coronavirus. Compared to June 2021, it was down 8.5% due to a shortage in semiconductors and other auto parts in some car models. January - July production was up 39.1% to 967,453 units.
Vehicle exports in July were up 42.4% to 70,590 units year over year but down 15.0% month over month. FTI said vehicle shipment to the Middle East, Europe, and African markets dropped due to the new wave of coronavirus, while auto sales decline was also recorded in several Thailand’s trading partner countries. However, as car production plants in some of those countries have already started returning to operation, Thailand’s exports of engine and other auto parts also increased YoY. Vehicle exports from January to July were up 36.0% to 544,079 units.
Thailand - Production and Retail Sales of new vehicles
| Jul. 2021 |
Growth Y-o-Y (%) |
Jan.-Jul. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 122,852 | 37.5% | 967,453 | 39.1% |
| Domestic Sales | 52,442 | -11.6% | 425,633 | 9.7% |
| Export (CBU) | 70,590 | 42.4% | 544,079 | 36.0% |
Flash report, June 2021
Aug 2, 2021
*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 11.9%, production up 87.2% (detailed report)
According to MarkLines Data Center, June vehicle sales in Thailand increased 11.9% year over year to 64,974 units.
January - June sales were up 13.6% to 373,191 units. Negative factors cited by FTI still include the third wave of COVID-19 that limits the economic activities and lower customers’ purchasing power, the more strictness in auto loan approval process of financial institutions, as well as lacking of some car models due to parts shortage.
By maker sales in June, Toyota was up 67.1% to 22,337 units. Isuzu was down 15.4% to 14,098 units and Honda was up 26.1% to 7,339 units. Mitsubishi sales were down 1.4% to 3,944 units and Mazda sales were up 13.7% to 3,005 units.
By body type, passenger cars were up 8.3% year over year to 22,538 units. Commercial vehicle sales were up 13.9% to 42,436 units. Pickup truck (including PPV) sales included in the commercial vehicle sales were up 12.1% to 33,169 units.
The FTI announced that new vehicle production in June was 134,245 units, 87.2% increase from the low figure in June 2020 amid the spread of coronavirus. January - June production was up 39.3% to 844,601 units.
Vehicle exports in June were up 65.9% to 83,022 units. FTI said vehicle sales growth in June can be seen in Thailand’s trading partner countries, including Australia, New Zealand, Japan, Vietnam, Malaysia, and Europe. The export value was THB 49.3 billion, up 68.5% year over year. Vehicle exports from January to June were up 35.1% to 473,489 units.
FTI decided to revise up its projection on 2021 vehicle production from 1.5 million units to 1.55-1.6 million units, following good export prospects, although the domestic car industry is expected to be greatly impacted by the third wave of the pandemic. FTI said vehicle exports target has been increased from 750,000 units to 800,000 – 850,000 units, while domestic sales projection remains at 750,000 units.
Thailand - Production and Retail Sales of new vehicles
| Jun. 2021 |
Growth Y-o-Y (%) |
Jan.-Jun. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 134,245 | 87.2% | 844,601 | 39.3% |
| Domestic Sales | 64,974 | 11.9% | 373,191 | 13.6% |
| Export (CBU) | 83,022 | 65.9% | 473,489 | 35.1% |
Flash report, May 2021
Jun 29, 2021
*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 38.4%, production up 150.1% (detailed report)
According to MarkLines Data Center, May vehicle sales in Thailand increased 38.4% year over year to 55,948 units.
January - May sales were up 13.9% to 308,217 units.
By brand sales in May, Toyota was up 45.2% to 19,723 units. Isuzu was up 46.8% to 14,866 units and Honda was up 19.6% to 4,998 units. Mitsubishi sales were up 22.6% to 3,392 units and Mazda sales were up 75.1% to 2,805 units.
By body type, passenger cars were up 32.7% year over year to 15,569 units. Commercial vehicle sales were up 40.8% to 40,379 units. Pickup truck sales included in the commercial vehicle sales were up 19.9% to 27,739 units.
The FTI announced that new vehicle production in May was 140,168 units, 150.1% increase from the same period in 2020 when Thailand was on the COVID-19 lockdown. Also, with the postponement of late March 2020 Motor Show, a large number of cars were still available at each car showrooms at the time. January - May production was up 32.9% to 710,356 units.
Vehicle exports in May were up 165.9% to 79,479 units. FTI cited vehicle sales growth in May can be seen in Thailand’s trading partner countries, including Australia, Vietnam, Japan, Indonesia, etc. The export value was THB 48.4 billion, up 176.6% year over year. Vehicle exports from January to May were up 29.9% to 390,467 units.
Thailand - Production and Retail Sales of new vehicles
| May 2021 |
Growth Y-o-Y (%) |
Jan.-May 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 140,168 | 150.1% | 710,356 | 32.9% |
| Domestic Sales | 55,948 | 38.4% | 308,217 | 13.9% |
| Export (CBU) | 79,479 | 165.9% | 390,467 | 29.9% |
Flash report, April 2021
May 31, 2021
*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 93.1%, production up 322.3% (detailed report)
According to MarkLines Data Center, April vehicle sales in Thailand increased 93.1% year over year to 58,132 units. The positive factors contributed to this growth included delivery of vehicles of which their bookings were recorded at the Bangkok International Motor Show.
January - April sales were up 9.6% to 252,269 units.
By brand sales in April, Toyota was up 72.7% to 19,087 units. Isuzu was up 117.8% to 14,953 units and Honda was up 104.6% to 5,419 units. Mitsubishi sales were up 103.4% to 4,107 units and Nissan sales were up 75.5% to 3,166 units.
By body type, passenger cars were up 92.4% year over year to 16,988 units. Commercial vehicle sales were up 93.4% to 41,144 units. Pickup truck sales included in the commercial vehicle sales were up 64.1% to 27,458 units.
The FTI announced that new vehicle production in April was 104,355 units, 322.3% increase from the same period in 2020 when Thailand was on the COVID-19 lockdown. January - April production was up 19.2% to 570,188 units.
Vehicle exports in April were up 160.2% to 52,880 unit. FTI cited vehicle sales growth in April can be seen in Thailand’s trading partner countries, including Australia, Japan, Vietnam, Indonesia, etc. The export value was THB 30.1 billion, up 142.7% year over year. Vehicle exports from January to April were up 14.9% to 310,988 units.
Thailand - Production and Retail Sales of new vehicles
| Apr. 2021 |
Growth Y-o-Y (%) |
Jan.-Apr. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 104,355 | 322.3% | 570,188 | 19.2% |
| Domestic Sales | 58,132 | 93.1% | 252,269 | 9.6% |
| Export (CBU) | 52,880 | 160.2% | 310,988 | 14.9% |
Flash report, March 2021
Apr 30, 2021
*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 25.7%, production up 10.7% (detailed report)
According to MarkLines Data Center, March vehicle sales in Thailand increased 25.7% year over year to 79,969 units. The positive factors contributed to this growth cited by FTI included fast delivery of vehicles of which their bookings were recorded at the Bangkok International Motor Show and the government’s 50-50 copayment scheme.
January - March sales were down 3.0% to 194,137 units.
By brand sales in March, Toyota was up 28.6% to 22,233 units. Isuzu was up 28.6% to 17,523 units and Honda was up 37.2% to 10,295 units. Mitsubishi sales were up 2.5% to 5,123 units and Mazda sales were up 49.2% to 4,644 units.
By body type, passenger cars were up 45.8% year over year to 30,183 units. Commercial vehicle sales were up 26.3% to 49,786 units. Pickup truck sales included in the commercial vehicle sales were up 6.5% to 32,256 units.
The FTI announced that new vehicle production in March was 162,515 units, 10.7% increase year over year. January - March production was up 2.7% to 465,833 units.
Vehicle exports in March were up 16.4% to 104,506 unit. Exports saw increase in Australia, New Zealand, Vietnam, Indonesia, Malaysia, and in Europe. The export value was THB 58.6 billion, up 19.2% year over year. Vehicle exports from January to March were up 3.1% to 258,108 units.
Thailand - Production and Retail Sales of new vehicles
| Mar. 2021 |
Growth Y-o-Y (%) |
Jan.-Mar. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 162,515 | 10.7% | 465,833 | 2.7% |
| Domestic Sales | 79,969 | 33.0%(*25.7%) | 194,137 | -3.0% |
| Export (CBU) | 104,506 | 16.4% | 258,108 | 3.1% |
* Mercedes-Benz, BMW, and Volvo March 2021 sales volumes include units sold in January and February.
If the same adjustments are made to March 2020 sales , the year-over-year change will be 25.7%.
Flash report, February 2021
Mar 19, 2021
*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 down 10.9%, production up 3.1% (detailed report)
According to MarkLines Data Center, February vehicle sales in Thailand decreased 10.9% year over year to 58,960 units, down for the second month in a row. The decline followed Thailand customers’ concern over the new wave of coronavirus pandemic occurring in many provinces since December 2020, causing customers to be more careful on their spending as well as more strictness in auto loan approval process of financial institutions. The Bangkok International Motor Show in March is expected to help driving local auto sales growth.
January - February sales were down 16.3% to 114,168 units.
By brand sales in February, Isuzu was up 13.8% to 16,447 units. Toyota was down 14.6% to 15,860 units and Honda was down 7.7% to 9,007 units. Mitsubishi sales were down 39.0% to 3,462 units and Mazda sales were up 2.5% to 3,076 units.
By body type, passenger cars were down 30.7% year over year to 18,969 units. Commercial vehicle sales were down 2.3% to 39,991 units. Pickup truck sales included in the commercial vehicle sales were down 6.6% to 31,169 units.
The FTI announced that new vehicle production in February was 155,200 units, 3.1% increase year over year. January - February production was down 1.2% to 303,318 units.
Vehicle exports in February were down 16.5% to 79,470 units, down again after increasing in January for the first time in 19 months. Exports saw increase in Asia, North America, Central America as well as South America markets, while exports recorded decline in Australia and New Zealand, Middle East, Europe, and African markets. The export value was THB 43.1 billion, down 9.2% year over year. Vehicle exports from January to February were down 4.3% to 153,602 units.
Thailand - Production and Retail Sales of new vehicles
| Feb. 2021 |
Growth Y-o-Y (%) |
Jan.-Feb. 2021 |
Growth YTD (%) |
|
|---|---|---|---|---|
| Production | 155,200 | 3.1% | 303,318 | -1.2% |
| Domestic Sales | 58,960 | -13.6%(*-10.9%) | 114,168 | -18.4%(*-16.3%) |
| Export (CBU) | 79,470 | -16.5% | 153,602 | -4.3% |
* February 2021 sales of Mercedes-Benz, BMW, Mini and Volvo have not been announced.
As actual results for February 2020 sales include units for Mercedes-Benz, BMW, Mini, and Volvo, if adjusted the Y-o-Y will be -10.9% and the YTD rate will be -16.3%.
Flash report, January 2021
Feb 19, 2021
*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 down 21.3%, production down 5.2% (detailed report)
According to MarkLines Data Center, January vehicle sales in Thailand decreased 21.3% year over year to 55,208 units for the first time in three months due to the weak consumer confidence and purchasing power caused by the second wave of coronavirus infections.
By brand sales in January, Toyota was down 12.4% to 17,679 units. Isuzu was up 6.7% to 15,248 units and Honda was down 50.4% to 5,657 units. Mitsubishi sales were down 44.7% to 3,320 units and Mazda sales were down 21.5% to 3,170 units.
By body type, passenger cars were down 46.9% year over year to 16,104 units. Commercial vehicle sales were down 5.4% to 39,104 units. Pickup truck sales included in the commercial vehicle sales were down 9.6% to 30,107 units.
The FTI announced that new vehicle production in January was 148,118 units, 5.2% decline year over year for the first time in three months because of the weak new vehicle demand in Thailand.
Vehicle exports in January were up 13.5% to 74,132 units for the first time in 19 months. Exports saw increase in Asia, Middle East and Oceania. The export value was THB 41.4 billion, up 28.4% year over year.
The FTI forecasts that vehicle production in Thailand are expected to decrease 5.1% to 1.5 million units in 2021 with 750,000 units for domestic sales and exports respectively.
Thailand - Production and Sales of new vehicles
| Jan. 2021 | Growth Y-o-Y (%) |
|
|---|---|---|
| Production | 148,118 | -5.2% |
| Domestic Sales | 55,208 | -23.0%(*-21.3%) |
| Export (CBU) | 74,132 | 13.5% |
*January 2021 sales of Mercedes-Benz, BMW, Mini and Volvo have not been announced.
As actual results of January 2020 sales include units for Mercedes-Benz, BMW, Mini, and Volvo, if adjusted the Y-o-Y will be -21.3%.