Thai car production drops 11.02% in April amid long holidays
Car production in Thailand experienced a significant decline of 11.02% in April from the previous year, with total units produced
Thai car production drops 11.02% in April amid long holidays
Car production in Thailand experienced a significant decline of 11.02% in April from the previous year, with total units produced amounting to 104,667, according to the Federation of Thai Industries (FTI).
This decrease follows a more substantial drop of 23.08% year-on-year in March. The FTI attributed April’s reduced production figures to long holidays during the month.
For the January to April period, car production fell by 17.05% compared to the same timeframe last year, totalling 518,790 units. The decline in production is largely due to a decrease in pick-up truck manufacturing, driven by weaker demand resulting from tighter auto loan conditions imposed by financial institutions.
Domestic car sales also saw a notable decrease, falling 21.49% in April from a year earlier. This followed a 29.83% year-on-year drop in March, highlighting ongoing challenges in the local automotive market.
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