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Trade Trends News
23-05-2025
The Federation of Thai Industries (FTI) announced on May 22 that Thailand’s domestic car sales increased in April for the first time in 23 months, despite continued declines in production and exports.
According to the FTI, local sales in April rose by 0.97% year-on-year, reversing a 0.54% drop in March.
Surapong Paisitpattanapong, spokesperson for the FTI’s automotive industry division, said:
"Passenger car sales increased, but pickup truck sales declined due to continued tight financing conditions."
Thailand’s car production fell 0.4% year-on-year in April to 104,250 units, following a 6.09% drop in March, marking the 21st consecutive month of production decline.
He noted, "Truck production dropped by 33%, which clearly reflects the weakness in our domestic economy."
Car exports in April fell 6.31% year-on-year, a smaller decline compared to 14.91% in March.
Thailand remains Southeast Asia’s largest automobile production hub and a major export base for some of the world’s leading automakers, including Toyota (7203.T), Honda (7267.T), and China’s BYD (002594.SZ).
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