Thursday, August 15, 2013

Thai auto sales drop 25% in July 2013


Thailand Automotive Industry Statistics - July 2013

Domestic car sales over the month totalled 98,251 units, down 25.4% on July 2012 and a decline of 7.33% on June.

Sales volume stayed below 100,000 units for the first time in 15 months, because car makers had delivered all vehicles ordered under the first car scheme and due to stricter car loan conditions imposed by financial firms.

Car sales over the first seven months of the year stood at 839,046 units, up 13.06% on the same period last year.

A total of 82,710 vehicles were exported in July, down 13.99% on July 2012 and 14.01% on June, Surapong Paisitpatanapong, spokesman for the Automotive Industry Club, said on Thursday.

The vehicle export value for the month stood at 39.45 billion baht, down 16.21% on July 2012, said Mr Surapong.

Exports over the first seven months of the year (Jan-July) totalled 617,076 units, up 11.54% from the same period last year.

Car exports accounted for 99.07% of the total for-export production output, showing a strong demand in overseas markets. Export value was up 6.05% from the same period last year to stand at 280.27 billion baht.

Vehicle output in July stood at 201,446 units, down 6.45% on July 2012 and a decline of 7.21% on June. Output over the first seven months of the year amounted to 1,542,405 units, an increase of 20.82% on the same period last year.

Mr Surapong projected car output over the next three months (Aug-Oct) at 618,619 units, down 4.89% on the 650,445 units actual output from May to July 2013, and a decline of 11.52% on 699,155 units actual output from August to October 2012.