AUTO SALES in Thailand grew by 12.1 per cent in March with 95,082 vehicles sold, according to figures from Toyota Motor Thailand Co Ltd (TMT).
In March, 34,765 passenger cars were sold marking an increase of 3.8 per cent compared to the same month last year, while 60,317 commercial vehicles were sold, up 17.5 per cent.
Toyota was the top-selling brand in March, with sales of 26,717 units (up 21 per cent), followed by Isuzu with 18,811 units (up 16.2 per cent) and Honda with 10,197 units (down 19.2 per cent).
From January to March, Toyota is also the leader with an aggregate of 64,234 units (up 9,3 per cent), followed by Isuzu with 44,316 units (up 6,3 per cent) and Honda with 28,435 units (down 5.8 per cent).
Vudhigorn Suriyachantana-nont, executive vice president of TMT, said sales growth in March was a direct result of new models being launched during the first quarter as well as the promotions offered at the Bangkok International Motor Show in late March.
“Auto sales grew in the first three months of 2018 due to the ongoing economic recovery as well as the various sales promotions from the start of the year that helped boost the auto market,” he said.
With strong demand from the Bangkok International Motor Show continuing to April, in addition to stronger consumer confidence in the general economy, the market is expected to continue expanding, he added.
“With increased exports and growth in tourism, despite the continuous strengthening of the baht and low prices for agricultural products, the automobile market has not been affected much,” Vudhigorn said.