Thai car exports reach 25-year high

car factory1Despite its economy otherwise suppressed, the export-focused car manufacturing industry in Thailand is on the upswing, mostly because the weak baht has made exports cheaper.

Car exports hit a 25-year high in August 2013, with 103,065 units sold, Surapong Paisitpatanapong, spokesman for the Automotive Industry Club, said on September 18. Exports were up 17.96 per cent from August last year and 24.61 per cent over July. The value of exports for the month stood at 47.97 billion baht ($1.5 billion), up 12.87 per cent from the same time last year.

Exports over the first eight months of 2013 totaled 720,141 units, up 12.42 per cent year-on-year, while the value of exports in the period was up 7 per cent to stand at 328.24 billion baht ($10 billion).

Vehicle output in August dropped 9.94 per cent in comparison to August 2012, and declined 4.17 per cent from July, to 193,074 units. Vehicle output was below the 200,000 unit level for the first time in 15 months, excluding April. Output over the first eight months of the year amounted to 1,735,514 units, an increase of 16.4 per cent over the same period in 2012.

Domestic car sales over the month totalled 100,289 units, down 22.6 per cent over last August, but up 2.07 per cent over July. Car sales over the first eight months of the year stood at 939,342 units, up 8.2 per cent on the same period last year. Surapong said car sales have “returned to normal” after the government’s first car scheme expired.



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Despite its economy otherwise suppressed, the export-focused car manufacturing industry in Thailand is on the upswing, mostly because the weak baht has made exports cheaper. Car exports hit a 25-year high in August 2013, with 103,065 units sold, Surapong Paisitpatanapong, spokesman for the Automotive Industry Club, said on September 18. Exports were up 17.96 per cent from August last year and 24.61 per cent over July. The value of exports for the month stood at 47.97 billion baht ($1.5 billion), up 12.87 per cent from the same time last year. Exports over the first eight months of 2013 totaled 720,141 units, up...

car factory1Despite its economy otherwise suppressed, the export-focused car manufacturing industry in Thailand is on the upswing, mostly because the weak baht has made exports cheaper.

Car exports hit a 25-year high in August 2013, with 103,065 units sold, Surapong Paisitpatanapong, spokesman for the Automotive Industry Club, said on September 18. Exports were up 17.96 per cent from August last year and 24.61 per cent over July. The value of exports for the month stood at 47.97 billion baht ($1.5 billion), up 12.87 per cent from the same time last year.

Exports over the first eight months of 2013 totaled 720,141 units, up 12.42 per cent year-on-year, while the value of exports in the period was up 7 per cent to stand at 328.24 billion baht ($10 billion).

Vehicle output in August dropped 9.94 per cent in comparison to August 2012, and declined 4.17 per cent from July, to 193,074 units. Vehicle output was below the 200,000 unit level for the first time in 15 months, excluding April. Output over the first eight months of the year amounted to 1,735,514 units, an increase of 16.4 per cent over the same period in 2012.

Domestic car sales over the month totalled 100,289 units, down 22.6 per cent over last August, but up 2.07 per cent over July. Car sales over the first eight months of the year stood at 939,342 units, up 8.2 per cent on the same period last year. Surapong said car sales have “returned to normal” after the government’s first car scheme expired.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Donation Total: $10.00

 

 

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