Wonder Land: Thai auto sales soar at home and abroad: industry

Thai auto sales soar at home and abroad: industry

By Manager Online

17 June 2010 16:38

This photo was taken in March, 2010. Domestic auto sales rose more than 50 percent in May. Increasing sales in the first five months of this year were driven by investment growth and steady fuel prices. AFP Photo.

June 17, 2010
BANGKOK (AFP) - Thai vehicle exports in May more than doubled year-on-year while domestic auto sales jumped more than 50 percent despite recent deadly political unrest, the industry said Thursday.

The Federation of Thai Industries said exports for last month were up 135.3 percent to 75,075 units, although this only equated to a 27.1 percent rise in value to 3.3 billion baht from May last year.

Domestic sales soared 53.4 percent to 62,205 units, Toyota Motor Thailand said in its monthly release on behalf of the industry. Passenger cars saw a 60.2 percent rise while commercial vehicle sales were up 48.4 percent.

It was the ninth consecutive month of domestic sales growth.

Weeks of anti-government rallies in Bangkok, which ended with a military crackdown on May 19, triggered a series of clashes between protesters and armed troops that left 90 people dead -- mostly civilians -- and nearly 1,900 injured.

"The political factor has even affected the car market but it was offset by the swift remedy of the rehabilitation process, so the market was not severely hit," Toyota said.

Over the first five months of 2010, domestic car sales were up 52.2 percent on last year thanks to growing investment and stable oil prices, while exports were up by 78.5 percent from last year.

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Thai auto sales soar at home and abroad: industry

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