InfoQuest, (May 25, 2019) -- According to the data published by the Federation of Thai Industries (FTI), Thai exports of completely-built-units (CBU) in April 2019 dropped 7.52 percent year-on-year to 67,114 vehicles, hitting 24-month low. Almost all destinations saw declines in Thai auto exports, except for the shipment to Australia that was increased for the first time this year, and the shipment to the Middle East that grew thanks to the continuous increase of crude oil price. The auto export volume totaled 35.545 billion baht, down 3.02 percent from the same period last year.
In the first four months of the year, Thailand’s CBU exports dipped 0.23 percent to 366,955 units with a total value of 185.2 billion baht, down 2.46 percent year on year.
Thailand's auto production in this April increased 11.47 percent year-on-year to 150,242. This is mainly due to a 9.37 percent rise year-on-year in pickup production for exports, a 26.99 percent increase in passenger car for the local market and an 18.74 percent increase in pickups for domestic distributions. However, compared to March this year, the total production dropped 24.43 percent mainly due to less working days in April. Total auto production went up 5.52 percent year-on-year in the four-month period to 711,729 units.
Local auto sales climbed 8.7 percent year-on-year to 86,076 in April, thanks to economic expansion, growing consumer demand, new car models, continued public and private investment in transportation infrastructure, government policies giving support to low-income groups and peasants and growing tourism. In the first four months of this year, domestic auto sales increased 10.5 percent year-on-year to 349,625 units.
Source: InfoQuest, by Nisarat Wichiensri/ Kasamarporn / Rachada, translated by Xinhua Silk Road
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