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Thailand’s car sales for the first ten months jump 17%

Domestic car sales in Thailand, in the first ten months of 2022, were 698,305 vehicles, representing a 17.09% increase, compared to the same period last year, according to the Federation of Thai Industries (FTI).

1,496,591 motorcycles were sold, an increase of 13.68% over the same period last year.

800,672 completely-built cars, worth about 497 billion baht, were exported during the January-October period, an increase of 12.40% over the same period last year.

The export value of cars, accessories and spare parts for the same period is estimated at 727 billion baht, an increase of 9.6%.

In October alone, 64,618 cars were sold, which is in line with the economic recovery, driven by increased foreign arrivals and economic stimulus packages, according to the FTI.

1,534,754 cars were produced in the first ten months of this year, which is an increase of 12.36% compared to the same period last year.

Source: Thai Public Broadcasting Service

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