BANGKOK — Thailand’s automotive attention reported expansion in domestic sales for a initial time in 31 months in
November as exports declined, according to a Federation of Thai Industries.
Automotive prolongation increasing 3.25% year-over-year to 163,170 units in November. The serve arise in a series of
locally-produced vehicles was attributed to an boost in a prolongation of a new pickup lorry indication for exports and of
passenger pickup vehicles, or PPV trucks, for internal distribution, a FTI’s Automotive Industry Club pronounced in a
Meanwhile, sum automotive sales in Nov increasing 4.6% from a year ago and went adult 12.5% on a monthly basement to
76,421 units, as automakers increasing a prolongation of PPV trucks that saw a 199% swell in direct forward of a cost rise
in 2016 due to a new dig taxation structure, pronounced a FTI.
However, a automobile bar remarkable that as sales of newcomer cars and pickup trucks in Nov remained weak, it showed
Thailand’s economy has not nonetheless done a poignant liberation while plantation product prices remained low and open as good as
private investment has been reduce than expected.
From Jan to November, Thailand’s amassed car sales forsaken 11.9% to 698,163 units compared to a previous
In addition, Thailand’s car exports totaled 101,650 units in November, a 4.64% dump when compared with final year.
But, in financial terms, a country’s automotive trade value increasing 13.75% to 54.61 billion baht ($1.51 bln).
In a initial 11 months of this year, Thailand exported 1.11 million units, a 7.63% on-year increase, while total
export value was 546.13 billion baht ($15.12 bln) or a 11.87% year-over-year rise.
The FTI has foresee domestic sales of 750,000 units and exports of 1.2 million units for this year.
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(END) Dow Jones Newswires 12-21-152339ET Copyright (c) 2015 Dow Jones Company, Inc.