Thailand’s auto output in September registered an increase of 28pc from August amid growing demand for cars but dipped 11.3pc compared to the prior-year period. The country produced 150,345 units in September.
During January-September 2020, the Federation of Thai Industries (FTI) announced that auto production dropped to 963,066 units, down 38pc from the prior year.
In September, easing of lockdown restrictions led to economic activities gaining pace in Thailand, with marginal recovery witnessed in domestic sales.
The domestic sales increased by 2.25pc from the prior year and 12.4pc from the prior month to 77,907 units in September.
Total auto sales over the first three quarters (January-September) were 534,765 units, 30pc lower as compared to the same period the prior year.
Domestic car sales, however, continued to drop for the 16th successive month at 77,433 vehicles, down 4.1pc from the prior year.
During the first three quarters, Thailand’s exports decreased by 36.5pc from the prior year to 521,457 units and in September dropped by 34.5pc from the prior year to 63,941 units.
ASEAN Automotive Federation forecasted that Auto production in Thailand to decline by 37pc to 1.3mn units in 2020 against a year earlier. The country is expected to export around 700,000 units in 2020.