Auto sales hit another record high in May
Auto sales rose to 115,943 units in May, setting a new monthly sales record for the Thailand's automotive industry since operations began more than 50 years ago.The monthly sale volume had hit multiple record highs this year.
According to data compiled by Toyota Motor Thailand, year on year, auto dealers in the month saw an increase of 107.6 per cent.
Of the total, passenger cars accounted for 55,983 units, which also set the new monthly record for this segment, said TMT Vice President Vudhigorn Suriyachantananont. Compared to the same period last year, the volume spiked 137.5 per cent.
"Since early this year, demand has been high, thanks to popularity of new models and the government's support. This, combined with the fact that production has resumed normal capacity, has spurred the market," he said.
Commercial vehicle sales also increased in May by a massive 85.8 per cent to 59,960 units.
In the first 5 months, aggregate sale volume hit 483,052 units, up 33.5 per cent on year. Passenger car sale volume increased 22.6 per cent and commercial vehicle sale volume rose 42.2 per cent.
"The growth momentum continues in June, as all plants resume normal operations. This facilitates product delivery. Despite the turmoil in Europe, the Thai economy has witnessed no direct impact. But, we have to wait and see," Vudhigorn said.