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Car sales in Thailand up 61.72% in August

According to the Federation of Thai Industries (FTI), Thai car sales rose 61.72% year-on-year to 68,208 units in August, reflecting the easing of measures to curb the spread of COVID-19 and the low level last year.

In July, the year-on-year increase had still been 22.1%. In the January-August period, vehicle sales were up 19.61% from the previous year.

The FTI says auto sales will hit its 850,000-unit target by 2022.

In August, auto exports rose 23.09% year-on-year, following a 17.7% increase in July.

Thailand is a regional location for the manufacture and export of vehicles for the world’s leading automakers, including Toyota and Honda. The industry accounts for about 10% of Southeast Asia’s second largest economy and manufacturing jobs.

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