October auto sales up by 13.1% over same month 2016
Auto sales in Thailand rose by 13.1 per cent in October compared to the same month last year, thanks to continuous new product launches and competitive sales promotions from automobile companies.
According to figures from Toyota Motor Thailand Co Ltd (TMT), a total of 68,551 vehicles were sold in October, while 10-month sales amounted to 689,266, up 11.7 per cent compared to the corresponding period last year.
Vudhigorn Suriyachantananont, senior vice president of TMT, said passenger car sales surged by 24.3 per cent in October while the pickup market grew by 6.1 per cent. Meanwhile from January to October, the passenger car market grew by 20.4 per cent and pickups 6.6 per cent.
He said there were more new passenger car models introduced this year, which helped stimulate demand since the start of the year.
“The private sector is more confident in the economy and is spending and investing at a high rate,” he said.
More growth is expected in November, he says, due to strong demand, as well as new models and promotions to be offered at the upcoming Motor Expo at the end of the month.
