Thai auto sales increase by 8.7% in April, says Toyota
Thai auto sales in April reached 86,076 units, up 8.7 per cent compared to the corresponding month last year, according to figures from Toyota Motor Thailand (TMT).
Passenger car sales in April were 34,931 units, an increase of 16.9 per cent while commercial vehicle sales were 51,145 units, up 3.7 per cent.
TMT vice president Paveena Nantikulvanich said growth came from increased popularity of new models and promotions launched at the Bangkok Motor Show.
She said during the first four months of 2019, total auto sales reached 349,625 units, equivalent to a growth of 10.5 per cent compared to the same period last year.
“The passenger car market grew by 14.6 per cent and the commercial vehicle market grew by 8 per cent during this period,” she said. “Popularity in new and minor change models introduced since the start of the year has been a motivation for consumers in purchasing a new vehicle.”
Paveena said auto sales in May are expected to maintain growth.
“The tourism sector and public consumption has been expanding continuously, which benefits the economy, and this is another positive factor for the automobile market,” she said. “Although the China-US trade conflict may create some concern and affect consumer confidence, we believe that it wouldn’t affect the auto market significantly.”