Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

Thai new vehicle sales surge nearly 20 percent in 2018

29 January 2019 Jamal Amir

[Excerpt]

New vehicle sales in Thailand grew 8.9% year on year (y/y) during December 2018 to 113,581 units, according to data released by Toyota Motor Thailand, the official compiler of automotive data in the country. Passenger vehicle sales declined 2.7% y/y during the month to 40,315 units, while commercial vehicle (CV) sales climbed 16.6% y/y to 73,266 units.

During the full-year 2018, industry sales are up 19.5% y/y at over 1.04 million units, with passenger vehicle sales surging 15.4% y/y to 399,657 units and CV sales up 22.2% y/y at 642,082 units.

Outlook and implications

Within the Association of Southeast Asian Nations (ASEAN) region, Thailand is the second-largest market after Indonesia for light vehicles, including passenger vehicles and light commercial vehicles (LCVs). Thailand is set to account for 29.8% of ASEAN light-vehicle sales in 2019, according to IHS Markit's forecast data.

Posted 29 January 2019 by Jamal Amir, Research Analyst


Read more articles like this one. Get a free trial to AutoIntelligence Daily

The above article is from AutoIntelligence Daily by IHS Markit. Every working day, AutoIntelligence Daily provides about 30 articles focused on automotive news, events and trends. Get a free trial.

Explore

RELATED INDUSTRIES & TOPICS

Follow Us

Oct 10

RT @IHSMarkit: Today we've announced the acquisition of Novation Analytics, a specialist provider of software solutions, data analysis and…

Filter Sort